Shares of First Horizon National Corp (NYSE:FHN) have earned an average rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.25.
A number of research firms have recently weighed in on FHN. TheStreet cut First Horizon National from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. ValuEngine cut First Horizon National from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Zacks Investment Research cut First Horizon National from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Robert W. Baird began coverage on First Horizon National in a research report on Thursday, December 20th. They set a “neutral” rating on the stock. Finally, Bank of America cut First Horizon National from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 22nd. They noted that the move was a valuation call.
In other First Horizon National news, Director Scott M. Niswonger bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The shares were bought at an average price of $14.55 per share, with a total value of $363,750.00. Following the purchase, the director now owns 689,951 shares of the company’s stock, valued at $10,038,787.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.75% of the stock is currently owned by company insiders.
FHN stock opened at $15.55 on Thursday. First Horizon National has a twelve month low of $12.30 and a twelve month high of $20.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.94. The stock has a market cap of $4.97 billion, a PE ratio of 11.03, a P/E/G ratio of 1.53 and a beta of 1.17.
First Horizon National (NYSE:FHN) last posted its quarterly earnings data on Friday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). First Horizon National had a net margin of 24.02% and a return on equity of 10.22%. The company had revenue of $412.80 million for the quarter, compared to analysts’ expectations of $443.30 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that First Horizon National will post 1.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, March 14th. This is an increase from First Horizon National’s previous quarterly dividend of $0.12. First Horizon National’s dividend payout ratio (DPR) is 34.04%.
About First Horizon National
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.
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