First Horizon National (NYSE:FHN) posted its quarterly earnings results on Friday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01, Bloomberg Earnings reports. The company had revenue of $375.30 million during the quarter, compared to analyst estimates of $368.93 million. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. First Horizon National’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS.
Shares of First Horizon National (NYSE FHN) opened at $20.16 on Friday. The company has a market cap of $4,722.08, a P/E ratio of 18.00, a PEG ratio of 2.04 and a beta of 1.03. First Horizon National has a one year low of $15.84 and a one year high of $20.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, November 3rd were paid a dividend of $0.09 per share. 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 1.79%. First Horizon National’s payout ratio is 52.17%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC grew its stake in First Horizon National by 0.8% in the 2nd 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 period. PNC Financial Services Group Inc. grew its stake in First Horizon National by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 286 shares during the period. Pinebridge Investments L.P. grew its stake in First Horizon National by 0.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 123,771 shares of the financial services provider’s stock valued at $2,156,000 after acquiring an additional 587 shares during the period. Gotham Asset Management LLC grew its stake in First Horizon National by 6.6% in the 2nd quarter. Gotham Asset Management LLC now owns 14,002 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 873 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in First Horizon National by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 69,960 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 1,075 shares during the period. 88.97% of the stock is currently owned by institutional investors and hedge funds.
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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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