Economy

Should You Hold First Horizon National Corporation (NYSE:FHN)

CNA Financial Corp now owns 64,800 shares of the financial services provider's stock worth $1,129,000 after acquiring an additional 6,900 shares during the last quarter. There has been an observed change of -1.42% in the ownership of the shares in the past six months.

Several other hedge funds and other institutional investors have also modified their holdings of the company. As of the last earnings report the EPS was $1.11 and is estimated to be $1.10 for the current year with 234,135,000 shares now outstanding. Greenwood Capital Associates LLC lifted its position in shares of First Horizon National Corporation by 7.3% in the 2nd quarter. Sei Investments Co. increased its holdings in shares of First Horizon National Corporation by 4.6% during the 2nd quarter. Sei Investments Co. now owns 63,199 shares of the financial services provider's stock worth $1,101,000 after acquiring an additional 2,761 shares during the last quarter.

The company now has an insider ownership of 1.6 Percent and Institutional ownership of 87.1 Percent. Finally, Keefe, Bruyette & Woods reiterated a "buy" rating and set a $21.00 price objective on shares of First Horizon National Corporation in a report on Monday, June 12th.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $4.45B. During the last 52 weeks, the (NYSE:FHN) price has been as high as $20.84 and as low as $14.6. The 50 day moving average went up by +10.08% and the 200 day average went up by +6.97%.

On Friday, Shares of First Horizon National Corporation (NYSE:FHN) expressed a change of 0.92% and is now trading at $19.20. Great West Life Assurance Com Can holds 0.01% of its portfolio in First Horizon National Corp (NYSE:FHN) for 139,850 shares. The firm had revenue of $328.37 million for the quarter, compared to the consensus estimate of $331.27 million.

First Horizon National Corporation insiders have sold a net of -48,607 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. After a recent check, it is observed that the insiders for the firm now own 1.60% shares. The ex-dividend date will be on Thursday the 7th of September 2017. First Horizon National Corporation's payout ratio is presently 32.43%. Their activity in FHN in recent trading has also spurred interest in the stock. Deutsche Bank AG restated a "hold" rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. The other 7, though not evenly; between analysts who think you should buy First Horizon National Corporation versus those who think you should sell it.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). ValuEngine cut shares of First Horizon National Corporation from a "buy" rating to a "hold" rating in a report on Friday, September 1st. J P Morgan Chase & Co restated a "buy" rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. The company now has an average rating of "Hold" and an average price target of $19.50. That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 27696 shares in FHN to bring its total stake to 27696. The legal version of this piece of content can be viewed at https://weekherald.com/2017/09/29/blackrock-inc-lowers-stake-in-first-horizon-national-corporation-fhn.html. There are brokerage firms with lower targets than the average, including one setting a price target of $18. Following the transaction, the chief financial officer now directly owns 275,497 shares of the company's stock, valued at $5,132,509.11. Also, CFO William C. Losch III sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 26th. Following the transaction, the chief financial officer now owns 233,890 shares in the company, valued at approximately $4,329,303.90. The disclosure for this sale can be found here.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward.

First Horizon National Corporation (FHN) is a bank holding company. The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank).

The TTM operating margin for the company stands at 87.4%. 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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