Brokers Set Expectations for First Horizon National Corporation’s FY2017 Earnings (FHN)

First Horizon National Corporation (NYSE:FHN) – Investment analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of First Horizon National Corporation in a report issued on Wednesday. Jefferies Group analyst C. Haire expects that the financial services provider will earn $1.09 per share for the year. Jefferies Group also issued estimates for First Horizon National Corporation’s FY2018 earnings at $1.34 EPS.

First Horizon National Corporation (NYSE:FHN) last released its earnings results on Thursday, April 13th. The financial services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $306.65 million during the quarter, compared to the consensus estimate of $324.31 million. First Horizon National Corporation had a return on equity of 8.89% and a net margin of 16.92%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS.

COPYRIGHT VIOLATION WARNING: This report was first reported by WKRB News and is owned by of WKRB News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.wkrb13.com/markets/2284377/brokers-set-expectations-for-first-horizon-national-corporations-fy2017-earnings-fhn.html.

Several other equities analysts have also recently weighed in on FHN. Royal Bank of Canada reiterated a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a research report on Friday. BidaskClub upgraded First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price target on shares of First Horizon National Corporation in a research report on Monday, June 12th. Stephens reiterated a “hold” rating on shares of First Horizon National Corporation in a research report on Thursday, May 4th. Finally, ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. First Horizon National Corporation currently has a consensus rating of “Hold” and a consensus target price of $19.06.

Shares of First Horizon National Corporation (NYSE:FHN) opened at 17.51 on Monday. First Horizon National Corporation has a 52-week low of $13.67 and a 52-week high of $20.84. The company has a market capitalization of $4.10 billion, a P/E ratio of 18.05 and a beta of 1.06. The stock’s 50 day moving average price is $17.35 and its 200-day moving average price is $18.86.

Institutional investors have recently bought and sold shares of the company. Neuburgh Advisers LLC boosted its position in First Horizon National Corporation by 16.1% in the first quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,024 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in First Horizon National Corporation by 16.1% in the first quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,408 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in First Horizon National Corporation during the first quarter valued at approximately $189,000. Oakbrook Investments LLC acquired a new position in First Horizon National Corporation during the first quarter valued at approximately $191,000. Finally, Greenwood Capital Associates LLC acquired a new position in First Horizon National Corporation during the first quarter valued at approximately $192,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

In related news, Director Vicki R. Palmer sold 5,211 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $17.65, for a total transaction of $91,974.15. Following the completion of the transaction, the director now directly owns 57,818 shares in the company, valued at $1,020,487.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.09% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, June 7th. First Horizon National Corporation’s payout ratio is 37.11%.

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)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284377/brokers-set-expectations-for-first-horizon-national-corporations-fy2017-earnings-fhn.html

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.

 


Leave a Reply

 
© 2006-2017 WKRB News.