First Horizon National Corp. (FHN) Plans $0.07 Quarterly Dividend

First Horizon National Corp. (NYSE:FHN) declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Friday, September 9th will be given a dividend of 0.07 per share by the financial services provider on Monday, October 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.90%.

First Horizon National Corp. (NYSE:FHN) traded up 0.75% on Tuesday, hitting $14.72. The company’s stock had a trading volume of 1,524,155 shares. The firm has a 50 day moving average of $13.90 and a 200-day moving average of $13.39. The stock has a market cap of $3.42 billion and a PE ratio of 16.73. First Horizon National Corp. has a 12 month low of $11.51 and a 12 month high of $16.22.

First Horizon National Corp. (NYSE:FHN) last announced its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. During the same quarter in the previous year, the company posted $0.22 EPS. The business had revenue of $321.78 million for the quarter. First Horizon National Corp.’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts expect that First Horizon National Corp. will post $0.95 earnings per share for the current fiscal year.

FHN has been the topic of several recent analyst reports. Zacks Investment Research upgraded First Horizon National Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, June 15th. Barclays PLC cut their price objective on First Horizon National Corp. from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, April 1st. JPMorgan Chase & Co. reiterated a “hold” rating and set a $15.50 price objective on shares of First Horizon National Corp. in a report on Monday, July 18th. Finally, Royal Bank Of Canada lifted their price objective on First Horizon National Corp. from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, April 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.03.

In related news, Director Vicki R. Palmer sold 6,362 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $13.93, for a total transaction of $88,622.66. Following the transaction, the director now owns 51,896 shares in the company, valued at approximately $722,911.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John M. Daniel sold 10,090 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $13.64, for a total value of $137,627.60. Following the transaction, the executive vice president now owns 240,145 shares in the company, valued at approximately $3,275,577.80. The disclosure for this sale can be found here.

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.