Price Action Report: First Horizon National Corp Just Recorded A Sigfniciant Decline

Price Action Report: First Horizon National Corp Just Recorded A Sigfniciant Decline

The stock of First Horizon National Corp (NYSE:FHN) is a huge mover today! About 3.09 million shares traded hands or 55.28% up from the average. First Horizon National Corp (NYSE:FHN) has risen 13.83% since March 11, 2016 and is uptrending. It has outperformed by 8.37% the S&P500.
The move comes after 9 months negative chart setup for the $3.32 billion company. It was reported on Oct, 14 by Barchart.com. We have $13.39 PT which if reached, will make NYSE:FHN worth $298.80 million less.

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 $56.42 million for 14.71 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 stock of First Horizon National Corp (NYSE:FHN) earned “Hold” rating by Deutsche Bank on Tuesday, January 26. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”. Guggenheim initiated First Horizon National Corp (NYSE:FHN) rating on Thursday, October 8. Guggenheim has “Buy” rating and $18 price target. The stock of First Horizon National Corp (NYSE:FHN) has “Buy” rating given on Monday, October 19 by SunTrust. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 18. The firm earned “Market Perform” rating on Monday, September 26 by Hovde Group. Deutsche Bank maintained the stock with “Hold” rating in Monday, September 26 report. RBC Capital Markets maintained First Horizon National Corp (NYSE:FHN) on Wednesday, January 20 with “Sector Perform” rating. RBC Capital Markets maintained First Horizon National Corp (NYSE:FHN) on Monday, October 19 with “Sector Perform” rating. On Tuesday, January 5 the stock rating was upgraded by Hovde Group to “Outperform”.

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 Q2 2016. Its up 0.59, from 0.83 in 2016Q1. The ratio is positive, 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.
Bnp Paribas Arbitrage Sa holds 123,235 shares or 0.01% of its portfolio. Pnc Financial Ser Gp Inc owns 15,032 shares or 0% of their US portfolio. Calvert Investment Mgmt last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Stevens Capital Mgmt L P has invested 0.08% in First Horizon National Corp (NYSE:FHN). Chicago Equity Prtn Ltd Limited Liability Company last reported 16,850 shares in the company. Manufacturers Life Insur The last reported 314,672 shares in the company. Moreover, Hsbc Holdings Public Ltd has 0% invested in First Horizon National Corp (NYSE:FHN) for 17,910 shares. New South Cap Mgmt, a Tennessee-based fund reported 20,217 shares. State Treasurer State Of Michigan accumulated 0.01% or 93,283 shares. Oregon Employees Retirement Fund holds 80,739 shares or 0.02% of its portfolio. Cramer Rosenthal Mcglynn Ltd Liability Corp holds 0.62% of its portfolio in First Horizon National Corp (NYSE:FHN) for 2.78 million shares. The Wisconsin-based State Of Wisconsin Invest Board has invested 0.01% in First Horizon National Corp (NYSE:FHN). Catalyst Cap Advisors Limited Liability Co last reported 0.08% of its portfolio in the stock. Frontier Mgmt Com last reported 4.03M shares in the company. Profund Advisors Llc holds 28,702 shares or 0.02% of its portfolio.

Insider Transactions: Since May 12, 2016, the stock had 2 insider buys, and 10 insider sales for $14.08 million net activity. MARTIN R BRAD also bought $13,910 worth of First Horizon National Corp (NYSE:FHN) shares. The insider Daniel John M sold 53,048 shares worth $791,957. POPWELL DAVID T sold $1.67M worth of stock. Kisber Michael E sold $6.96M worth of stock. The insider Valine Yousef A. sold $890,874. $249,977 worth of shares were sold by Losch William C III on Thursday, May 12. Another trade for 6,362 shares valued at $88,597 was made by PALMER VICKI R on Friday, June 10.

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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