Public Employees Retirement System of Ohio raised its holdings in First Horizon National Corp (NYSE:FHN) by 19.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 138,184 shares of the financial services provider’s stock after acquiring an additional 22,343 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in First Horizon National were worth $1,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FHN. Weiss Multi Strategy Advisers LLC increased its position in shares of First Horizon National by 90.0% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 475,000 shares of the financial services provider’s stock worth $6,251,000 after buying an additional 225,000 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in First Horizon National in the fourth quarter worth $1,028,000. Vanguard Group Inc. grew its holdings in First Horizon National by 1.5% in the third quarter. Vanguard Group Inc. now owns 30,152,044 shares of the financial services provider’s stock worth $520,425,000 after purchasing an additional 458,506 shares during the period. Pennsylvania Trust Co grew its holdings in First Horizon National by 47.6% in the fourth quarter. Pennsylvania Trust Co now owns 139,500 shares of the financial services provider’s stock worth $1,836,000 after purchasing an additional 45,000 shares during the period. Finally, Virginia National Bank acquired a new stake in First Horizon National in the fourth quarter worth $3,440,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.

A number of equities research analysts have commented on FHN shares. Zacks Investment Research cut shares of First Horizon National from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Jefferies Financial Group cut shares of First Horizon National from a “buy” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded shares of First Horizon National from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Robert W. Baird started coverage on shares of First Horizon National in a report on Thursday, December 20th. They issued a “neutral” rating for the company. Finally, Bank of America lowered shares of First Horizon National from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. First Horizon National presently has a consensus rating of “Hold” and an average target price of $20.00.

First Horizon National stock opened at $14.46 on Thursday. First Horizon National Corp has a 1-year low of $12.30 and a 1-year high of $19.75. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.94.

First Horizon National (NYSE:FHN) last released its quarterly earnings data on Friday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Horizon National had a net margin of 24.02% and a return on equity of 10.22%. The business had revenue of $412.80 million during the quarter, compared to the consensus estimate of $443.30 million. During the same period last year, the business posted ($0.20) earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that First Horizon National Corp will post 1.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.87%. This is a positive change from First Horizon National’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 14th. First Horizon National’s dividend payout ratio (DPR) is 39.72%.

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First Horizon National Company Profile

First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.

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Institutional Ownership by Quarter for First Horizon National (NYSE:FHN)

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