Zeke Capital Advisors LLC lifted its position in First Horizon National Corp (NYSE:FHN) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,841 shares of the financial services provider’s stock after buying an additional 2,347 shares during the period. Zeke Capital Advisors LLC owned approximately 0.07% of First Horizon National worth $3,541,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Capital Management Inc. ADV purchased a new position in First Horizon National during the 3rd quarter worth approximately $42,000. Cerebellum GP LLC acquired a new stake in shares of First Horizon National in the third quarter worth $124,000. United Capital Financial Advisers LLC purchased a new position in shares of First Horizon National during the second quarter valued at $151,000. Cambridge Investment Research Advisors Inc. acquired a new position in First Horizon National during the second quarter valued at $157,000. Finally, New England Research & Management Inc. acquired a new position in First Horizon National during the fourth quarter valued at $190,000. 81.82% of the stock is currently owned by institutional investors.
Shares of First Horizon National stock traded up $0.66 during trading on Friday, hitting $17.22. 3,275,108 shares of the stock traded hands, compared to its average volume of 4,049,991. The stock has a market cap of $5.10 billion, a P/E ratio of 12.21, a PEG ratio of 1.25 and a beta of 1.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.96. First Horizon National Corp has a twelve month low of $13.30 and a twelve month high of $17.42. The company has a fifty day moving average price of $16.31 and a two-hundred day moving average price of $16.02.
First Horizon National (NYSE:FHN) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. First Horizon National had a return on equity of 10.34% and a net margin of 19.09%. The firm had revenue of $472.40 million during the quarter, compared to analyst estimates of $466.10 million. During the same period in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that First Horizon National Corp will post 1.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, December 12th. First Horizon National’s dividend payout ratio is currently 39.72%.
In related news, EVP Yousef A. Valine sold 28,249 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.12, for a total value of $483,622.88. Following the transaction, the executive vice president now directly owns 229,371 shares in the company, valued at approximately $3,926,831.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.88% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on the company. Wells Fargo & Co raised their price objective on First Horizon National from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut shares of First Horizon National from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $17.00 to $17.50 in a report on Wednesday, October 16th. Zacks Investment Research downgraded shares of First Horizon National from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Wednesday, December 4th. ValuEngine raised shares of First Horizon National from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Bank of America upgraded First Horizon National from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.21.
First Horizon National 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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