Press coverage about First Horizon National (NYSE:FHN) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Horizon National earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.0083692107872 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
First Horizon National (NYSE:FHN) traded up $0.11 on Thursday, reaching $20.13. 4,071,642 shares of the company traded hands, compared to its average volume of 703,116. The company has a market cap of $4,690.00, a P/E ratio of 18.98, a PEG ratio of 2.57 and a beta of 1.03. First Horizon National has a 52 week low of $18.68 and a 52 week high of $45.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.94.
First Horizon National (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National had a net margin of 19.36% and a return on equity of 9.40%. The firm had revenue of $337.00 million during the quarter, compared to the consensus estimate of $340.48 million. During the same period last year, the firm earned $0.27 EPS. equities analysts anticipate that First Horizon National will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 3rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 2nd. First Horizon National’s payout ratio is 32.14%.
Several analysts recently weighed in on FHN shares. Zacks Investment Research raised shares of First Horizon National from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, September 18th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of First Horizon National in a research report on Wednesday, September 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $20.00 price objective on shares of First Horizon National in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 price objective (up previously from $19.50) on shares of First Horizon National in a report on Wednesday, October 4th. Finally, Barclays reiterated an “equal weight” rating and set a $21.00 price objective on shares of First Horizon National in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. First Horizon National presently has a consensus rating of “Hold” and a consensus price target of $20.75.
In related news, CFO William C. Losch III sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the sale, the chief financial officer now owns 233,890 shares of the company’s stock, valued at $4,329,303.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William C. Losch III sold 45,107 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $18.63, for a total transaction of $840,343.41. Following the sale, 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. Over the last three months, insiders sold 54,056 shares of company stock valued at $1,010,022. Insiders own 2.09% of the company’s stock.
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About First Horizon National
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.
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