Trade Report: The First Horizon National Corp. (FHN) to Release Earnings on Friday

The First Horizon National Corp. (FHN) to Release Earnings on Friday

First Horizon National Corp. (NYSE:FHN) is scheduled to be releasing its Q316 earnings data on Friday, October 14th. Analysts expect First Horizon National Corp. to post earnings of $0.25 per share and revenue of $520.61 million for the quarter.

First Horizon National Corp. (NYSE:FHN) last issued its earnings results on Friday, July 15th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $321.78 million for the quarter. First Horizon National Corp. had a net margin of 17.30% and a return on equity of 8.84%. First Horizon National Corp.’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts expect First Horizon National Corp. to post $0.95 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.

First Horizon National Corp. (NYSE:FHN) opened at 15.48 on Thursday. First Horizon National Corp. has a 12 month low of $11.51 and a 12 month high of $15.83. The company has a 50-day moving average of $15.23 and a 200-day moving average of $14.36. The stock has a market cap of $3.59 billion, a PE ratio of 17.55 and a beta of 1.16.

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, September 7th. First Horizon National Corp.’s dividend payout ratio is presently 30.11%.

In related news, insider Michael E. Kisber sold 118,043 shares of First Horizon National Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $15.25, for a total value of $1,800,155.75. Following the completion of the sale, the insider now directly owns 473,309 shares in the company, valued at approximately $7,217,962.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David T. Popwell sold 110,422 shares of First Horizon National Corp. stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $15.12, for a total transaction of $1,669,580.64. Following the completion of the sale, the insider now owns 299,844 shares of the company’s stock, valued at $4,533,641.28. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in FHN. Mariner Wealth Advisors LLC boosted its stake in First Horizon National Corp. by 0.3% in the second quarter. Mariner Wealth Advisors LLC now owns 21,235 shares of the financial services provider’s stock worth $293,000 after buying an additional 56 shares during the period. Raymond James & Associates raised its position in First Horizon National Corp. by 1.0% in the second quarter. Raymond James & Associates now owns 24,879 shares of the financial services provider’s stock worth $343,000 after buying an additional 240 shares in the last quarter. Comerica Bank raised its position in First Horizon National Corp. by 0.3% in the second quarter. Comerica Bank now owns 160,565 shares of the financial services provider’s stock worth $2,415,000 after buying an additional 496 shares in the last quarter. Profund Advisors LLC raised its position in First Horizon National Corp. by 3.7% in the second quarter. Profund Advisors LLC now owns 28,702 shares of the financial services provider’s stock worth $396,000 after buying an additional 1,013 shares in the last quarter. Finally, CNA Financial Corp raised its position in First Horizon National Corp. by 2.1% in the second quarter. CNA Financial Corp now owns 52,700 shares of the financial services provider’s stock worth $726,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Several research analysts recently commented on FHN shares. Zacks Investment Research raised shares of First Horizon National Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, October 4th. Wells Fargo & Co. cut shares of First Horizon National Corp. from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 23rd. Deutsche Bank AG increased their target price on shares of First Horizon National Corp. from $13.50 to $15.50 and gave the stock a “hold” rating in a report on Monday, September 26th. Hovde Group cut shares of First Horizon National Corp. from an “outperform” rating to a “market perform” rating and set a $16.50 target price on the stock. in a report on Monday, September 26th. Finally, Barclays PLC increased their target price on shares of First Horizon National Corp. from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.50.

About First Horizon National Corp.

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