First Horizon National Corporation (FHN) to Release Earnings on Friday
13 October, 2017, 22:45 | Author: Regina Silva
Several other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC raised its position in shares of First Horizon National Corporation by 86.9% in the second quarter. Riverhead Capital Management LLC now owns 7,000 shares of the financial services provider's stock valued at $107,000 after buying an additional 6,493 shares during the last quarter. Greenwood Capital Associates LLC increased its position in First Horizon National Corporation by 7.3% during the 2nd quarter. The Company has a Return on Assets of 0.90%. On average, analysts expect First Horizon National Corporation to post $1.10 EPS for the current fiscal year and $1.30 EPS for the next fiscal year. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/12/first-horizon-national-corporation-fhn-to-release-earnings-on-friday.html. Art Advsrs Llc owns 121,100 shares. Forest Hill Capital Llc owns 456,300 shares or 2.38% of their U.S. portfolio. Institutional investors and hedge funds own 81.70% of the company's stock.
Over the past 50 days, First Horizon National Corporation stock's -3.19% off of the high and 18.75% removed from the low. If you are viewing this story on another website, it was stolen and republished in violation of United States & worldwide copyright and trademark law. First Horizon National Corporation has $2200 highest and $13 lowest target.
A number of equities research analysts have recently commented on the stock.
Heading into the earnings release, covering sell-side analysts have a consensus target price of $20.17 on First Horizon National Corporation shares. Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $20.00 target price on shares of First Horizon National Corporation in a research report on Tuesday, October 3rd. Guggenheim has "Buy" rating and $18 target. Finally, ValuEngine downgraded shares of First Horizon National Corporation from a "buy" rating to a "hold" rating in a research report on Friday, September 1st.
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). Jefferies maintained First Horizon National Corp (NYSE:FHN) on Monday, July 17 with "Buy" rating. Moreover, Winfield has 0% invested in First Horizon National Corp (NYSE:FHN).
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When looking at technical levels, traders should not overlook the RSI reading as it often can dictate if momentum has pushed past a key metric. The company has a 50-day moving average of $17.92 and a 200-day moving average of $17.78.
First Horizon shares have dropped 6 percent since the beginning of the year, but the company's stock has increased 22 percent in the last 12 months. The company had revenue of $306.65 million during the quarter, compared to the consensus estimate of $324.31 million.
Returns and Valuations for Philip Morris International Inc. The company's revenue was up 2.0% compared to the same quarter previous year. Stifel Fincl owns 0.01% invested in First Horizon National Corp (NYSE:FHN) for 123,818 shares. Stockholders of record on Friday, June 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday the 7th of September 2017. First Horizon National Corporation's dividend payout ratio is presently 32.43%. The company maintains price to book ratio of 0.00 vs.an industry average at 0.56.
FHN's most recent trading session saw the stock achieve a high of $19.34 and a low of $19.18. Great Lakes Limited Liability Company owns 136,107 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
We can also do some further technical analysis on the stock. In general, an ADX value from 0-25 would indicate an absent or weak trend. The market capitalization of the company is at $4.36 Billion. The disclosure for this sale can be found here.
First Horizon National Corporation is a bank holding company. The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company operates through 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. On the other side of the coin, investors may hold onto a victor for way too long hoping for further gains.
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