Country Club Trust Company n.a. Has $2.44 Million Position in First Horizon National Corporation (FHN)

Country Club Trust Company n.a. decreased its position in shares of First Horizon National Corporation (NYSE:FHN) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,975 shares of the financial services provider’s stock after selling 9,865 shares during the period. Country Club Trust Company n.a.’s holdings in First Horizon National were worth $2,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FHN. Neuberger Berman Group LLC lifted its position in First Horizon National by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 13,800 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 110 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in First Horizon National by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 676 shares during the last quarter. Principal Financial Group Inc. lifted its position in First Horizon National by 3.8% during the second quarter. Principal Financial Group Inc. now owns 990,366 shares of the financial services provider’s stock valued at $17,254,000 after acquiring an additional 36,394 shares during the last quarter. Swiss National Bank lifted its position in First Horizon National by 1.3% during the second quarter. Swiss National Bank now owns 389,300 shares of the financial services provider’s stock valued at $6,782,000 after acquiring an additional 5,000 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in First Horizon National during the second quarter valued at approximately $9,065,000. 88.97% of the stock is owned by institutional investors.

A number of research firms recently commented on FHN. Raymond James Financial increased their target price 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. Morgan Stanley reissued an “equal weight” rating and set a $20.00 target price (up previously from $19.50) on shares of First Horizon National in a research report on Wednesday, October 4th. UBS Group raised shares of First Horizon National from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 8th. Barclays increased their target price on shares of First Horizon National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research lowered shares of First Horizon National from a “buy” rating to a “sell” rating in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.00.

In other news, Director R Brad Martin sold 5,449 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $19.25, for a total value of $104,893.25. Following the sale, the director now owns 482,188 shares in the company, valued at $9,282,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.09% of the stock is owned by corporate insiders.

First Horizon National Corporation (FHN) opened at $20.58 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94. First Horizon National Corporation has a 52 week low of $15.84 and a 52 week high of $20.86. The stock has a market cap of $4,827.49, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03.

First Horizon National (NYSE:FHN) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. During the same quarter in the prior 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 fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. First Horizon National’s payout ratio is currently 32.14%.

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

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