KeyCorp (KEY), First Horizon National Corporation (FHN)

Lloyd Doyle
October 13, 2017

The stock of First Horizon National Corp (NYSE:FHN) has "Overweight" rating given on Thursday, January 5 by JP Morgan. The Huber Capital Management Llc holds 2.07M shares with $36.01M value, up from 1.91M last quarter.

First Horizon National Corporation is a bank holding company.

Other large investors have also recently added to or reduced their stakes in the company. RBC Capital Markets maintained First Horizon National Corp (NYSE:FHN) rating on Friday, July 14.

Since the start of the New Year, First Horizon National Corporation (NYSE:FHN) shares have seen a move of -4.45%. Neuberger Berman Group LLC boosted its stake in shares of First Horizon National Corporation by 0.8% during the 2nd quarter.

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. As of the end of the quarter Janus Capital Management LLC had acquired a total of 148,600 shares growing its position 127.8%. Jefferies maintained First Horizon National Corp (NYSE:FHN) on Wednesday, June 14 with "Buy" rating. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation.

First Tennessee National Corp (FHN) presently has a 14-day Commodity Channel Index (CCI) of 48.02. The Maryland-based Profund Advsr Limited Liability Co has invested 0.02% in First Horizon National Corp (NYSE:FHN). Over the last five days, shares have managed 0.89% gains and now is up 5.1% since hitting its 200-day moving average of $17.77. The company maintains price to book ratio of 0.00 industry average at 0.56.

What Historical Figures Say About First Horizon National Corporation (NYSE: FHN)? For the last period, the company reported quarter over quarter EPS growth of 58.80% and quarter over quarter sales growth of 19.20%. The company had revenue of $328.37 million for the quarter, compared to analysts' expectations of $331.27 million. First Horizon National Corp had a return on equity of 8.73% and a net margin of 16.57%. The company's past year sales total was 333740. Investors of record on Friday, September 8th were paid a $0.09 dividend. This dividend amount represented a yield of $1.87. UBS AG raised shares of First Horizon National Corporation from a "market perform" rating to an "outperform" rating in a research report on Thursday, August 10th. First Horizon National Corporat shares had a trading volume of 2,373K in the last trading session. Analysts set a 12-month price target of $25.39 a share. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

Analysts have given a mean recommendation of 2.50 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).

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $4.36B. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

In terms of earnings per share, 12 analysts have a 0.31 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 15 analysts have a 0.28 EPS mean target and for the quarter ending Mar-18 there are 11 estimates of 1.10 EPS. The stock recovered 103.94% since its low point and has performed 89.65% year-to-date. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Lower-beta stocks pose less risk but generally offer lower returns. The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. Following the completion of the sale, the chief financial officer now directly owns 275,497 shares in the company, valued at $5,132,509.11.

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