Price Change to Note: Could First Horizon National Corp See a Reversal After This Very Strong Session?

Price Change to Note: Could First Horizon National Corp See a Reversal After This Very Strong Session?

The stock of First Horizon National Corp (NYSE:FHN) is a huge mover today! About 1.20 million shares traded hands. First Horizon National Corp (NYSE:FHN) has risen 21.12% since March 1, 2016 and is uptrending. It has outperformed by 11.88% the S&P500.
The move comes after 6 months positive chart setup for the $3.52B company. It was reported on Oct, 4 by Barchart.com. We have $25.06 PT which if reached, will make NYSE:FHN worth $2.25 billion more.

Analysts await First Horizon National Corp (NYSE:FHN) to report earnings on October, 21. They expect $0.25 earnings per share, down 13.79% or $0.04 from last year’s $0.29 per share. FHN’s profit will be $57.59 million for 15.28 P/E if the $0.25 EPS becomes a reality. After $0.24 actual earnings per share reported by First Horizon National Corp for the previous quarter, Wall Street now forecasts 4.17% EPS growth.

First Horizon National Corp (NYSE:FHN) Ratings Coverage

Out of 8 analysts covering First Horizon National Corporation (NYSE:FHN), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. First Horizon National Corporation has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 8 by Guggenheim. The firm earned “Sector Perform” rating on Wednesday, January 20 by RBC Capital Markets. The stock of First Horizon National Corp (NYSE:FHN) earned “Outperform” rating by Hovde Group on Tuesday, January 5. Deutsche Bank maintained it with “Hold” rating and $13.50 target price in Tuesday, January 26 report. The rating was maintained by Barclays Capital on Monday, July 18 with “Equalweight”. The stock has “Hold” rating given by Deutsche Bank on Monday, September 26. RBC Capital Markets maintained First Horizon National Corp (NYSE:FHN) rating on Monday, October 19. RBC Capital Markets has “Sector Perform” rating and $15 price target. The company was maintained on Monday, October 19 by SunTrust. The rating was downgraded by Hovde Group on Monday, September 26 to “Market Perform”. The stock has “Underperform” rating given by Wells Fargo on Tuesday, August 23.

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 increased to 1.42 in 2016 Q2. Its up 0.59, from 0.83 in 2016Q1. The ratio improved, 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.
Blackrock Mngmt Limited Liability Company last reported 686,440 shares in the company. Blair William And Il accumulated 15,693 shares or 0% of the stock. State Of Wisconsin Board accumulated 150,032 shares or 0.01% of the stock. Old Mutual Customised Solutions (Proprietary) Limited last reported 0.03% of its portfolio in the stock. Weaver C Barksdale Assoc, a Tennessee-based fund reported 382 shares. Jefferies Group Ltd holds 1,712 shares or 0% of its portfolio. Carroll Fin Assocs reported 6,894 shares or 0.02% of all its holdings. Gateway Advisers Ltd accumulated 86,613 shares or 0.01% of the stock. Chickasaw Capital Management Ltd Liability last reported 10,350 shares in the company. The Ohio-based Winfield Assoc has invested 0% in First Horizon National Corp (NYSE:FHN). The Japan-based Blackrock Japan Ltd has invested 0% in First Horizon National Corp (NYSE:FHN). Qs Invsts Limited Liability Com has 0% invested in the company for 14,830 shares. Nelson Van Denburg And Campbell Wealth Gp Ltd Liability Company accumulated 0% or 475 shares. Barclays Pcl last reported 0% of its portfolio in the stock. Frontier Mngmt Lc last reported 4.03M shares in the company.

Insider Transactions: Since May 12, 2016, the stock had 2 buys, and 10 insider sales for $14.08 million net activity. Losch William C III sold $1.27 million worth of First Horizon National Corp (NYSE:FHN) on Friday, August 26. $37,876 worth of First Horizon National Corp (NYSE:FHN) was sold by Tuggle Charles T Jr on Thursday, May 12. Kisber Michael E also sold $6.96M worth of First Horizon National Corp (NYSE:FHN) on Monday, August 29. PALMER VICKI R also sold $88,597 worth of First Horizon National Corp (NYSE:FHN) on Friday, June 10. Daniel John M sold $137,659 worth of First Horizon National Corp (NYSE:FHN) on Thursday, May 12. MARTIN R BRAD bought $13,910 worth of stock. 59,196 First Horizon National Corp (NYSE:FHN) shares with value of $890,874 were sold by Valine Yousef A..

Another recent and important First Horizon National Corp (NYSE:FHN) news was published by Globenewswire.com which published an article titled: “First Horizon National Corp. to participate in 2016 Barclays Global Financial …” on September 08, 2016.

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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