FY2018 EPS Estimates for First Horizon National Corporation (FHN) Lifted by Jefferies Group

First Horizon National Corporation (NYSE:FHN) – Jefferies Group upped their FY2018 earnings per share (EPS) estimates for First Horizon National Corporation in a research report issued on Wednesday. Jefferies Group analyst C. Haire now expects that the financial services provider will earn $1.28 per share for the year, up from their previous forecast of $1.26.

A number of other equities analysts have also recently issued reports on FHN. BidaskClub raised shares of First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Deutsche Bank AG reaffirmed a “hold” rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research report on Friday, July 7th. Hovde Group dropped their price target on shares of First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Monday, July 10th. Finally, Zacks Investment Research cut shares of First Horizon National Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. First Horizon National Corporation currently has a consensus rating of “Hold” and an average target price of $20.22.

COPYRIGHT VIOLATION WARNING: This article was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.truebluetribune.com/2017/10/22/fy2018-eps-estimates-for-first-horizon-national-corporation-fhn-lifted-by-jefferies-group.html.

First Horizon National Corporation (NYSE:FHN) opened at 19.29 on Friday. The firm’s 50-day moving average price is $18.29 and its 200 day moving average price is $17.81. First Horizon National Corporation has a 12-month low of $14.92 and a 12-month high of $20.84. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.22 and a beta of 1.05.

First Horizon National Corporation (NYSE:FHN) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $337.00 million for the quarter, compared to analyst estimates of $340.48 million. First Horizon National Corporation had a return on equity of 9.40% and a net margin of 19.36%. During the same period in the previous year, the company posted $0.27 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. First Horizon National Corporation’s dividend payout ratio is currently 32.14%.

In other First Horizon National Corporation news, CFO William C. Losch III sold 3,500 shares of First Horizon National Corporation stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the transaction, the chief financial officer now owns 233,890 shares of the company’s stock, valued at approximately $4,329,303.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William C. Losch III sold 45,107 shares of First Horizon National Corporation stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total transaction of $840,343.41. Following the transaction, the chief financial officer now directly owns 275,497 shares in the company, valued at approximately $5,132,509.11. The disclosure for this sale can be found here. 2.09% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of FHN. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Horizon National Corporation by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock worth $148,000 after buying an additional 676 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of First Horizon National Corporation during the 1st quarter worth approximately $189,000. Greenwood Capital Associates LLC lifted its position in shares of First Horizon National Corporation by 7.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock worth $194,000 after buying an additional 757 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of First Horizon National Corporation by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after buying an additional 286 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in shares of First Horizon National Corporation by 1.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock worth $220,000 after buying an additional 157 shares in the last quarter. 85.05% of the stock is currently owned by hedge funds and other institutional investors.

First Horizon National Corporation Company 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.

Earnings History and Estimates for First Horizon National Corporation (NYSE:FHN)

Receive News & Ratings for First Horizon National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply