Deprince Race & Zollo Inc. Has $23.43 Million Position in First Horizon National Corporation (FHN)

Deprince Race & Zollo Inc. increased its position in First Horizon National Corporation (NYSE:FHN) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,223,545 shares of the financial services provider’s stock after buying an additional 15,406 shares during the quarter. Deprince Race & Zollo Inc. owned 0.52% of First Horizon National Corporation worth $23,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virginia Retirement Systems ET AL increased its stake in shares of First Horizon National Corporation by 15.2% in the second quarter. Virginia Retirement Systems ET AL now owns 105,600 shares of the financial services provider’s stock worth $1,840,000 after buying an additional 13,900 shares during the period. CNA Financial Corp increased its stake in shares of First Horizon National Corporation by 11.9% in the second quarter. CNA Financial Corp now owns 64,800 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 6,900 shares during the period. Sei Investments Co. increased its stake in shares of First Horizon National Corporation by 4.6% in the second quarter. Sei Investments Co. now owns 63,199 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 2,761 shares during the period. JPMorgan Chase & Co. increased its stake in shares of First Horizon National Corporation by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock worth $116,124,000 after buying an additional 258,298 shares during the period. Finally, Icon Advisers Inc. Co. purchased a new position in shares of First Horizon National Corporation in the second quarter worth $620,000. 85.12% of the stock is currently owned by institutional investors.

Shares of First Horizon National Corporation (NYSE FHN) traded down $0.17 during mid-day trading on Thursday, hitting $18.32. 2,592,000 shares of the stock were exchanged, compared to its average volume of 2,860,563. First Horizon National Corporation has a 1 year low of $15.84 and a 1 year high of $20.84. The company has a market cap of $4,330.92, a PE ratio of 17.61, a PEG ratio of 2.39 and a beta of 1.02. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.

First Horizon National Corporation (NYSE:FHN) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. First Horizon National Corporation had a net margin of 19.36% and a return on equity of 9.40%. The firm had revenue of $337.00 million for the quarter, compared to analysts’ expectations of $340.48 million. During the same quarter in the previous year, the business posted $0.27 EPS. equities research analysts expect that First Horizon National Corporation will post 1.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, November 2nd. First Horizon National Corporation’s dividend payout ratio (DPR) is presently 32.14%.

In other news, Director R Brad Martin sold 5,449 shares of First Horizon National Corporation stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $19.25, for a total value of $104,893.25. Following the completion of the transaction, the director now owns 482,188 shares of the company’s stock, valued at approximately $9,282,119. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William C. Losch III sold 3,500 shares of First Horizon National Corporation stock in a transaction dated Tuesday, September 26th. The stock was 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. In the last 90 days, insiders have sold 54,056 shares of company stock worth $1,010,022. Company insiders own 2.09% of the company’s stock.

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FHN has been the topic of several recent analyst reports. Raymond James Financial, Inc. lifted their price target on shares of First Horizon National Corporation from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, October 16th. ValuEngine cut shares of First Horizon National Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 9th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a report on Wednesday, September 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 price target (up previously from $19.50) on shares of First Horizon National Corporation in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.22.

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.

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Institutional Ownership by Quarter for First Horizon National Corporation (NYSE:FHN)

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