First Horizon National Corporation (FHN) Announces Earnings Results

First Horizon National Corporation (NYSE:FHN) posted its earnings results on Friday. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02, RTT News reports. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. During the same period in the prior year, the business earned $0.27 EPS.

Shares of First Horizon National Corporation (NYSE FHN) opened at 18.81 on Friday. The stock has a market cap of $4.40 billion, a PE ratio of 16.95 and a beta of 1.05. First Horizon National Corporation has a 12 month low of $14.60 and a 12 month high of $20.84. The firm has a 50-day moving average price of $17.97 and a 200-day moving average price of $17.78.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s payout ratio is 32.43%.

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In other news, CFO William C. Losch III sold 45,107 shares of the business’s stock in a transaction dated 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 owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction dated 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 approximately $4,329,303.90. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

A number of analysts have commented on FHN shares. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Raymond James Financial, Inc. upgraded First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, September 18th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.44.

About First Horizon National Corporation

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.

Earnings History for First Horizon National Corporation (NYSE:FHN)

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