Keefe, Bruyette & Woods reiterated their buy rating on shares of First Horizon National Corporation (NYSE:FHN) in a report published on Tuesday. Keefe, Bruyette & Woods currently has a $20.00 price target on the financial services provider’s stock.

FHN has been the topic of a number of other reports. Deutsche Bank AG restated a hold rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. Raymond James Financial, Inc. upgraded shares of First Horizon National Corporation from a market perform rating to an outperform rating in a research report on Thursday, August 10th. UBS AG upgraded shares of First Horizon National Corporation from a market perform rating to an outperform rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of First Horizon National Corporation from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research upgraded shares of First Horizon National Corporation from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $19.44.

Shares of First Horizon National Corporation (NYSE FHN) opened at 19.22 on Tuesday. The firm has a 50 day moving average of $17.73 and a 200 day moving average of $17.75. First Horizon National Corporation has a 52 week low of $14.60 and a 52 week high of $20.84. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 17.32 and a beta of 1.05.

First Horizon National Corporation (NYSE:FHN) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Equities analysts predict that First Horizon National Corporation will post $1.10 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

In other First Horizon National Corporation news, CFO William C. Losch III sold 45,107 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the sale, the chief financial officer now owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William C. Losch III sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the completion of the sale, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at approximately $4,329,303.90. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in First Horizon National Corporation by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 676 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of First Horizon National Corporation during the first quarter worth $189,000. Greenwood Capital Associates LLC increased its position in shares of First Horizon National Corporation by 7.3% during the second quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 757 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Horizon National Corporation by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 286 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its position in shares of First Horizon National Corporation by 1.3% during the first quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 157 shares in the last quarter. 85.05% of the stock is owned by hedge funds and other institutional investors.

About First Horizon National Corporation

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

Analyst Recommendations for First Horizon National Corporation (NYSE:FHN)

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