First Horizon National (NYSE:FHN) Earns Media Impact Rating of 0.20
News headlines about First Horizon National (NYSE:FHN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Horizon National earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.6288282829094 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of First Horizon National (NYSE FHN) traded down $0.12 during mid-day trading on Wednesday, hitting $19.84. 723,419 shares of the stock were exchanged, compared to its average volume of 3,311,137. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.92. The company has a market cap of $6,631.45, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. 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 issued 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. First Horizon National had a net margin of 11.18% and a return on equity of 8.80%. The company had revenue of $375.30 million for the quarter, compared to analysts’ expectations of $368.93 million. During the same period in the prior year, the firm earned $0.23 EPS. First Horizon National’s quarterly revenue was up 17.4% compared to the same quarter last year. research analysts anticipate that First Horizon National will post 1.42 EPS for the current fiscal year.
First Horizon National declared that its Board of Directors has approved a share buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
A number of analysts have commented on FHN shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of First Horizon National in a report on Tuesday, December 5th. Vining Sparks raised shares of First Horizon National to a “buy” rating and set a $25.00 target price for the company in a report on Monday, January 8th. Barclays reaffirmed an “equal weight” rating and set a $21.00 target price on shares of First Horizon National in a report on Monday, December 4th. Zacks Investment Research raised shares of First Horizon National from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Tuesday, January 9th. Finally, Morgan Stanley boosted their price target on shares of First Horizon National from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.11.
In other First Horizon National news, Director Peter N. Foss sold 30,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $20.32, for a total transaction of $609,600.00. Following the transaction, the director now owns 56,220 shares in the company, valued at approximately $1,142,390.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael E. Kisber sold 44,707 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $20.21, for a total transaction of $903,528.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 234,707 shares of company stock worth $4,713,128. 2.09% of the stock is owned by company insiders.
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.
Receive News & Ratings for First Horizon National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National and related companies with MarketBeat.com's FREE daily email newsletter.