First Horizon National Corporation (FHN) Rating Reiterated by J P Morgan Chase & Co

First Horizon National Corporation (NYSE:FHN)‘s stock had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co in a report released on Wednesday. They currently have a $20.00 price objective on the financial services provider’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 14.12% from the stock’s current price.

FHN has been the subject of a number of other research reports. Deutsche Bank AG restated a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. Raymond James Financial, Inc. upgraded shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. UBS AG upgraded shares of First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Hovde Group decreased their price objective on shares of First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. First Horizon National Corporation has an average rating of “Hold” and a consensus target price of $19.63.

First Horizon National Corporation (NYSE:FHN) opened at 17.52 on Wednesday. The company has a 50-day moving average of $17.26 and a 200-day moving average of $17.88. First Horizon National Corporation has a 52 week low of $14.60 and a 52 week high of $20.84. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 15.79 and a beta of 1.04.

First Horizon National Corporation (NYSE:FHN) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The business had revenue of $328.37 million during the quarter, compared to the consensus estimate of $331.27 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that First Horizon National Corporation will post $1.10 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its stake in shares of First Horizon National Corporation by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 13,800 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 110 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in shares of First Horizon National Corporation by 1.3% in the first quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 157 shares in the last quarter. World Asset Management Inc increased its stake in shares of First Horizon National Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 14,468 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 262 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of First Horizon National Corporation by 1.5% in the first quarter. Teacher Retirement System of Texas now owns 18,435 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 269 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of First Horizon National Corporation by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

First Horizon National Corporation Company Profile

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.

Analyst Recommendations for First Horizon National Corporation (NYSE:FHN)

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