First Horizon National (NYSE:FHN) is scheduled to be releasing its earnings data before the market opens on Thursday, January 11th.
First Horizon National (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect First Horizon National to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
First Horizon National (NYSE FHN) opened at $20.09 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. First Horizon National has a 52 week low of $15.84 and a 52 week high of $20.86. The firm has a market capitalization of $4,700.00, a PE ratio of 17.94, a P/E/G ratio of 2.25 and a beta of 1.03.
Several brokerages recently weighed in on FHN. Vining Sparks upgraded First Horizon National to a “buy” rating and set a $25.00 price target for the company in a research note on Monday. Barclays lifted their price target on First Horizon National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada restated a “hold” rating and issued a $22.00 price target on shares of First Horizon National in a research note on Tuesday, December 5th. Morgan Stanley lifted their price target on First Horizon National from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research upgraded First Horizon National from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. First Horizon National has a consensus rating of “Hold” and an average price target of $21.67.
In other First Horizon National news, Director R Brad Martin sold 5,449 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $19.25, for a total transaction of $104,893.25. Following the completion of the sale, the director now directly owns 482,188 shares in the company, valued at approximately $9,282,119. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.09% of the stock is currently owned by insiders.
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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.
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