Barclays restated their equal weight rating on shares of First Horizon National (NYSE:FHN) in a report published on Monday. The brokerage currently has a $21.00 price objective on the financial services provider’s stock.

A number of other research firms also recently weighed in on FHN. Hovde Group upped their price target on First Horizon National from $20.00 to $21.00 and gave the stock a market perform rating in a research note on Monday, October 16th. BidaskClub raised First Horizon National from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Raymond James Financial raised First Horizon National from a market perform rating to an outperform rating in a research note on Thursday, August 10th. Zacks Investment Research raised First Horizon National from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Monday, September 18th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $20.00 price objective on shares of First Horizon National in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.50.

First Horizon National (NYSE:FHN) traded up $0.41 during mid-day trading on Monday, reaching $20.27. The company had a trading volume of 24,031,600 shares, compared to its average volume of 622,752. First Horizon National has a fifty-two week low of $18.68 and a fifty-two week high of $45.00. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4,651.82, a P/E ratio of 18.91, a P/E/G ratio of 2.56 and a beta of 1.03.

First Horizon National (NYSE:FHN) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. First Horizon National had a return on equity of 9.40% and a net margin of 19.36%. The business had revenue of $337.00 million for the quarter, compared to the consensus estimate of $340.48 million. During the same period in the prior year, the business earned $0.27 EPS. equities analysts predict that First Horizon National will post 1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 2nd. First Horizon National’s dividend payout ratio (DPR) is presently 32.14%.

In other 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 stock was sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the transaction, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $64,785.00. Following the completion of the transaction, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,056 shares of company stock valued at $1,010,022. Company insiders own 2.09% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in First Horizon National by 8.7% during 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 during the period. Macquarie Group Ltd. bought a new position in shares of First Horizon National in the third quarter worth $182,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of First Horizon National by 133.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,503 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 5,438 shares during the period. Greenwood Capital Associates LLC boosted its holdings in shares of First Horizon National by 7.3% in 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 during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of First Horizon National by 2.4% in 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 during the period. 89.03% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “First Horizon National’s (FHN) Equal Weight Rating Reaffirmed at Barclays” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://theolympiareport.com/2017/12/05/first-horizon-nationals-fhn-equal-weight-rating-reaffirmed-at-barclays.html.

First Horizon National Company Profile

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 (NYSE:FHN)

Receive News & Ratings for First Horizon National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.