Analysts Issue Forecasts for First Horizon National Corp’s Q4 2017 Earnings (FHN)

First Horizon National Corp (NYSE:FHN) – Analysts at FIG Partners upped their Q4 2017 earnings per share (EPS) estimates for First Horizon National Corp in a research report issued on Monday, according to Zacks Investment Research. FIG Partners analyst C. Marinac now anticipates that the financial services provider will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.30.

First Horizon National Corp (NYSE:FHN) last issued its quarterly earnings data on Thursday, April 13th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. First Horizon National Corp had a return on equity of 8.73% and a net margin of 16.57%. The firm earned $306.65 million during the quarter, compared to the consensus estimate of $324.31 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

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Earnings History and Estimates for First Horizon National Corp (NYSE:FHN)

FHN has been the subject of a number of other research reports. JMP Securities started coverage on shares of First Horizon National Corp in a research note on Thursday, February 2nd. They set a “market perform” rating for the company. Wells Fargo & Co raised shares of First Horizon National Corp from an “underperform” rating to a “market perform” rating in a research note on Monday, January 9th. JPMorgan Chase & Co. raised shares of First Horizon National Corp from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of First Horizon National Corp in a research note on Monday, April 10th. Finally, Zacks Investment Research raised shares of First Horizon National Corp from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, March 21st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. First Horizon National Corp currently has a consensus rating of “Hold” and a consensus price target of $18.93.

Shares of First Horizon National Corp (NYSE:FHN) traded down 0.27% during trading on Thursday, reaching $18.32. The company’s stock had a trading volume of 2,134,676 shares. The firm’s 50-day moving average is $18.70 and its 200 day moving average is $18.58. First Horizon National Corp has a 52-week low of $12.46 and a 52-week high of $20.84. The company has a market cap of $4.28 billion, a PE ratio of 18.89 and a beta of 1.17.

Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Horizon National Corp by 0.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,985 shares of the financial services provider’s stock valued at $240,000 after buying an additional 68 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of First Horizon National Corp by 1.5% in the third quarter. Carroll Financial Associates Inc. now owns 7,000 shares of the financial services provider’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of First Horizon National Corp by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,530 shares of the financial services provider’s stock valued at $691,000 after buying an additional 211 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of First Horizon National Corp by 2.1% in the third quarter. Capstone Asset Management Co. now owns 20,854 shares of the financial services provider’s stock valued at $318,000 after buying an additional 420 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of First Horizon National Corp by 5.4% in the third quarter. US Bancorp DE now owns 15,121 shares of the financial services provider’s stock valued at $230,000 after buying an additional 781 shares in the last quarter. Institutional investors own 81.70% of the company’s stock.

In other news, EVP John M. Daniel sold 28,987 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $19.96, for a total transaction of $578,580.52. Following the sale, the executive vice president now owns 259,042 shares in the company, valued at $5,170,478.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were issued a dividend of $0.09 per share. This is a boost from First Horizon National Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.97%. First Horizon National Corp’s dividend payout ratio is presently 29.79%.

First Horizon National Corp 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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