News headlines about First Horizon National (NYSE:FHN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Horizon National earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.3574298687485 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- First Horizon National Corporation (FHN) Forecasted to Post Q1 2018 Earnings of $0.30 Per Share (americanbankingnews.com)
- First Horizon National (FHN) Scheduled to Post Earnings on Friday (americanbankingnews.com)
- First Horizon National Corporation (FHN) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Have You Considered These Bank Metrics For First Horizon National Corporation (NYSE:FHN)? (finance.yahoo.com)
- First Horizon National (FHN) Upgraded to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
A number of equities analysts recently issued reports on FHN shares. Royal Bank of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of First Horizon National in a research report on Tuesday, December 5th. Morgan Stanley increased their target price on shares of First Horizon National from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Raymond James Financial raised their price objective on shares of First Horizon National from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. UBS Group upgraded shares of First Horizon National from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of First Horizon National from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. First Horizon National has an average rating of “Buy” and an average target price of $22.00.
First Horizon National (NYSE:FHN) last posted its quarterly earnings data 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 net margin of 19.36% and a return on equity of 9.40%. The company had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. During the same quarter last year, the firm posted $0.27 EPS. equities analysts forecast that First Horizon National will post 1.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd were given a dividend of $0.09 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.36 annualized dividend and a dividend yield of 1.75%. First Horizon National’s dividend payout ratio (DPR) is 32.14%.
In other news, Director R Brad Martin sold 5,449 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $19.25, for a total transaction of $104,893.25. Following the completion of the transaction, the director now owns 482,188 shares in the company, valued at approximately $9,282,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.09% of the company’s stock.
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About First Horizon National
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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