Notable Reporting: Is First Horizon National Corp a Buy? The Stock Rises Again

Notable Reporting: Is First Horizon National Corp a Buy? The Stock Rises Again

The stock of First Horizon National Corp (NYSE:FHN) is a huge mover today! About 784,883 shares traded hands. First Horizon National Corp (NYSE:FHN) has risen 34.65% since April 28, 2016 and is uptrending. It has outperformed by 28.73% the S&P500.
The move comes after 8 months positive chart setup for the $4.68 billion company. It was reported on Dec, 1 by Barchart.com. We have $21.44 PT which if reached, will make NYSE:FHN worth $421.20M more.

Analysts await First Horizon National Corp (NYSE:FHN) to report earnings on January, 17. They expect $0.25 earnings per share, up 25.00% or $0.05 from last year’s $0.2 per share. FHN’s profit will be $59.48 million for 19.67 P/E if the $0.25 EPS becomes a reality. After $0.27 actual earnings per share reported by First Horizon National Corp for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.

First Horizon National Corp (NYSE:FHN) Ratings Coverage

Out of 8 analysts covering First Horizon National Corporation (NYSE:FHN), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. First Horizon National Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Monday, September 26 report. The firm has “Market Perform” rating given on Monday, September 26 by Hovde Group. Hovde Group upgraded the shares of FHN in a report on Tuesday, January 5 to “Outperform” rating. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 18. The stock of First Horizon National Corp (NYSE:FHN) has “Underperform” rating given on Tuesday, August 23 by Wells Fargo. Guggenheim initiated First Horizon National Corp (NYSE:FHN) on Thursday, October 8 with “Buy” rating. The firm has “Buy” rating given on Monday, October 19 by SunTrust. The stock of First Horizon National Corp (NYSE:FHN) earned “Hold” rating by Deutsche Bank on Wednesday, August 12. The stock of First Horizon National Corp (NYSE:FHN) has “Sector Perform” rating given on Wednesday, January 20 by RBC Capital Markets. The rating was upgraded by Jefferies to “Buy” on Monday, November 28.

According to Zacks Investment Research, “The First Horizon National family of companies provides financial services to individual and business customers through: First Horizon Home Loans, FTN Financial, First Tennessee Bank, and First Horizon Merchant Services.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.17, from 1.42 in 2016Q1. The ratio dived, as 18 funds sold all First Horizon National Corp shares owned while 63 reduced positions. 25 funds bought stakes while 90 increased positions. They now own 180.85 million shares or 1.18% less from 183.00 million shares in 2016Q1.
State Teachers Retirement Sys last reported 498,300 shares in the company. Hotchkis & Wiley Capital Management, a California-based fund reported 3.08M shares. Metropolitan Life Insur Co Ny accumulated 0.02% or 218,379 shares. Da Davidson And Communication accumulated 5,756 shares or 0% of the stock. Thompson Mgmt Incorporated holds 0.41% of its portfolio in First Horizon National Corp (NYSE:FHN) for 144,720 shares. Stevens Capital Limited Partnership last reported 136,550 shares in the company. Nationwide Fund Advsrs has 394,641 shares for 0.02% of their US portfolio. Marshall Wace Ltd Liability Partnership has 0.01% invested in the company for 128,931 shares. Los Angeles Management And Equity Research holds 297,093 shares or 0.03% of its portfolio. Fuller Thaler Asset Mngmt, a California-based fund reported 5.46M shares. The New York-based Jpmorgan Chase has invested 0.02% in First Horizon National Corp (NYSE:FHN). Swiss Savings Bank owns 397,200 shares or 0.01% of their US portfolio. Alyeska Investment Grp Lp last reported 0.09% of its portfolio in the stock. Moreover, Engineers Gate Manager Lp has 0.3% invested in First Horizon National Corp (NYSE:FHN) for 303,282 shares. Schulhoff And reported 16,697 shares or 0.14% of all its holdings.

Insider Transactions: Since June 7, 2016, the stock had 2 buys, and 8 insider sales for $14.34 million net activity. Valine Yousef A. sold $890,874 worth of stock or 59,196 shares. $1.27 million worth of First Horizon National Corp (NYSE:FHN) was sold by Losch William C III on Friday, August 26. Kisber Michael E also sold $6.96 million worth of First Horizon National Corp (NYSE:FHN) shares. 110,422 First Horizon National Corp (NYSE:FHN) shares with value of $1.67 million were sold by POPWELL DAVID T. $88,597 worth of shares were sold by PALMER VICKI R on Friday, June 10. On Friday, August 26 the insider Tuggle Charles T Jr sold $2.14 million. On Tuesday, June 7 MARTIN R BRAD bought $136,652 worth of the stock or 5,267 shares.

FHN Company Profile

First Horizon National Corporation (FHN), incorporated on September 23, 1968, is a bank holding company. The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Firm operates through four divisions: regional banking, fixed income, corporate and non-strategic. The Company’s subsidiaries have over 200 business locations in the United States. The Bank has various branch locations in approximately eight states, which include over 160 branches in Tennessee; approximately two branches in northwestern Georgia; approximately six branches in northwestern Mississippi; approximately seven branches in North Carolina, and a branch each in Virginia, South Carolina, Florida and Texas.

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