First Horizon National Corporation (NYSE:FHN) EPS Analysis

Joanna Estrada
September 14, 2017

First Horizon National Corporation (NYSE:FHN) opened at 19.82 on Thursday.

Other hedge funds have also modified their holdings of the company. The stock of First Horizon National Corp (NYSE:FHN) has "Outperform" rating given on Thursday, August 10 by Raymond James. Hovde Group downgraded First Horizon National Corp (NYSE:FHN) rating on Monday, September 26. Deutsche Bank AG reissued a hold rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. First Horizon National Corporation presently has a consensus rating of "Hold" and a consensus target price of $19.57.

Shares of First Horizon National Corporation (FHN) traded up 3.19% during midday trading on Tuesday, reaching $17.49. Shares saw a steep increase in trading volume of 106.68% over the normal average daily volume. The consensus analyst target price is $20.02. The stock has a 50 day moving average of $20.06 and a 200-day moving average of $17.00. The company has market cap of $4.10 billion. The Colorado-based Ghp Advsr has invested 0.24% in First Horizon National Corp (NYSE:FHN). The company's quarterly EPS surprised Wall Street by as much as 4% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. First Horizon National Corporation had a net margin of 16.57% and a return on equity of 8.73%. The analysts estimated EPS for the higher end at 0.32 and lower end at 0.28 while the year ago reported earnings per share was 0.27. The business's revenue for the quarter was up 6.9% compared to the same quarter past year. Equities research analysts predict that First Horizon National Corporation will post $1.12 earnings per share for the current fiscal year. Commerce Bankshares has invested 0.01% in First Horizon National Corp (NYSE:FHN). If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and global copyright and trademark legislation. The original version of this article can be viewed at https://stocknewstimes.com/2017/09/13/calamos-advisors-llc-acquires-256224-shares-of-first-horizon-national-corporation-fhn.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. The dividend payment will be $0.090 per share for the quarter or $0.36 on an annualized basis. The ex-dividend date of this dividend is Thursday, September 7th. It dived, as 22 investors sold First Horizon National Corp shares while 89 reduced holdings. The industry's and sector's high P/E for the past year is 138.46 and 33.23 respectively and low P/E ratio for the last 5 years is 5.45 for the industry and 9.92 for the Sector. The stock was sold at an average price of $17.65, for a total transaction of $91,974.15. Northwestern Mutual Investment Management Company, LLC controls 40,242 shares with a value of $701,000.

The company is unchanged since yesterday's close of 16.36. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) earned "Sector Weight" rating by KeyBanc Capital Markets on Thursday, September 29. Cipher Limited Partnership has invested 0.02% in First Horizon National Corp (NYSE:FHN). Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider's stock worth $188,000 after purchasing an additional 1,408 shares in the last quarter. First Horizon National Corporation has 233.48 million shares outstanding, and in the last trade has seen ATR around 0.42. Tudor Investment Corp ET AL acquired a new position in shares of First Horizon National Corporation during the 1st quarter worth approximately $189,000. Following the sale, the executive vice president now owns 272,586 shares of the company's stock, valued at $4,361,376. Moreover, Kanaly Tru has 0% invested in First Horizon National Corp (NYSE:FHN) for 400 shares. The Manufacturers Life Insurance Company now owns 344,161 shares of the financial services provider's stock valued at $5,995,000 after buying an additional 6,069 shares in the last quarter. Commercial Bank Of Ny Mellon has invested 0.03% of its portfolio in First Horizon National Corp (NYSE:FHN). Over the same time span, the stock marked US$20.84 as its best level and the lowest price reached was US$14.6. Corporate insiders own 2.09% of the company's stock. Hanson Mcclain Inc stated it has 0% in First Horizon National Corp (NYSE:FHN). The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank).

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