Economy

First Horizon National Corporation (FHN): What are the Technicals Saying?

First Horizon National Corporation (FHN): What are the Technicals Saying?”

Five analysts have issued estimates for First Horizon National Corporation's earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.29. The Stock has YTD (year to date) performance of -5.15 percent. The business is expected to report its next quarterly earnings report on Friday, October 13th. Hotchkis Wiley Cap Mngmt Ltd owns 0.19% invested in First Horizon National Corp (NYSE:FHN) for 2.77M shares. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.01. The value of the investment in First Horizon National Corporat increased from $1,567,000 to $2,480,000 a change of $913,000 quarter to quarter. The EVP now owns $4,264,519 of the stock according to the SEC filing. Next quarter's EPS is forecasted to be $0.31 and the next full year EPS is projected to be $1.30. Jefferies upgraded First Horizon National Corp (NYSE:FHN) on Monday, November 28 to "Buy" rating. For comparison's sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. During the same period in the previous year, the company posted $0.24 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. Three months ago, analysts assigned FHN a 3.60 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year. The Missouri-based Comm Comml Bank has invested 0.01% in First Horizon National Corp (NYSE:FHN). First Horizon National Corporation had 38 analyst reports since July 21, 2015 according to SRatingsIntel. UBS AG raised First Horizon National Corporation from a market perform rating to an outperform rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of First Horizon National Corp from a "buy" rating to a "hold" rating in a research report on Friday, March 24th. Cowen & Co maintained the stock with "Hold" rating in Friday, August 4 report.

On Tuesday, Shares of First Horizon National Corporation (NYSE:FHN) expressed a change of 0.85% and is now trading at $18.30. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. The stock traded within a range of $18.55 and $19.13.

First Horizon National Corporation (NYSE:FHN) has a beta of 1.03, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. The shares were sold on September 26th for an average price of $18.51. This represents a $0.36 annualized dividend and a dividend yield of 2.01%. New South Management Inc has invested 0.01% of its portfolio in First Horizon National Corp (NYSE:FHN). The two firms have made a persuasive message for passive investors over ownership structure. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of First Horizon National Corp by 0.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider's stock valued at $214,000 after purchasing an additional 286 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of First Horizon National Corporation by 1.8% in the first quarter. Jane Street Grp Ltd Limited Liability Company owns 0% invested in First Horizon National Corp (NYSE:FHN) for 10,536 shares.

As of quarter end Engineers Gate Manager Lp had bought a total of 64,044 shares growing its stake by 81.8%. Some have challenged this idea, claiming that the data show little relation between beta and potential reward, or even that lower-beta stocks are both less risky and more profitable (contradicting CAPM). Neuberger Berman Group LLC lifted its holdings in shares of First Horizon National Corporation by 0.8% in the second quarter. Institutional investors and hedge funds own 85.05% of the company's stock.

COPYRIGHT VIOLATION WARNING: This piece was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another site, it was illegally copied and reposted in violation of US & global copyright law. Iii Losch, EVP reported the sale of 3,500 shares of (FHN).

Let's take an assessment at how First Horizon National Corporation (FHN) has been performing.

The First Horizon National family of companies provides financial services to individual and business customers through: First Horizon Home Loans, FTN Financial, First Tennessee Bank, and First Horizon Merchant Services.



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