Media headlines about First Horizon National (NYSE:FHN) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Horizon National earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.3368193797542 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
FHN has been the topic of several recent research reports. Morgan Stanley boosted their price objective on shares of First Horizon National from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Barclays boosted their price objective on shares of First Horizon National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Vining Sparks upgraded shares of First Horizon National to a “buy” rating and set a $25.00 price objective on the stock in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of First Horizon National from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Tuesday, January 9th. Finally, Hovde Group set a $22.00 target price on shares of First Horizon National and gave the company a “hold” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. First Horizon National presently has an average rating of “Buy” and a consensus target price of $22.25.
NYSE:FHN traded up $0.08 on Monday, reaching $18.65. The stock had a trading volume of 3,545,486 shares, compared to its average volume of 3,364,072. The firm has a market cap of $6,069.30, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. First Horizon National has a 12-month low of $15.84 and a 12-month high of $20.86.
First Horizon National (NYSE:FHN) last released its earnings results on Friday, January 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $375.30 million for the quarter, compared to analyst estimates of $368.93 million. First Horizon National had a net margin of 11.18% and a return on equity of 8.80%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. equities research analysts forecast that First Horizon National will post 1.42 earnings per share for the current fiscal year.
First Horizon National declared that its board has approved a share buyback plan on Tuesday, January 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from First Horizon National’s previous quarterly dividend of $0.09. First Horizon National’s dividend payout ratio is currently 43.24%.
In other news, EVP John M. Daniel sold 22,389 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $19.79, for a total transaction of $443,078.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael E. Kisber sold 160,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $20.00, for a total transaction of $3,200,000.00. Following the transaction, the insider now directly owns 568,904 shares of the company’s stock, valued at approximately $11,378,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,096 shares of company stock valued at $5,156,207. Corporate insiders own 1.75% of the company’s stock.
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First Horizon National Company Profile
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.
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