First Horizon National Corp (FHN) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 15

First Horizon National Corp (FHN) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . RBC Capital Mkts advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on First Horizon National Corp. Shares were Reiterated by RBC Capital Mkts on Jan 20, 2016 to “Sector Perform” and Lowered the Price Target to $ 14 from a previous price target of $15 .

On the company’s financial health, First Horizon National Corp reported $0.20 EPS for the quarter, based on the information available during the earnings call on Apr 15, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $306.40 million for the quarter, compared to analysts expectations of $300.61 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

First Horizon National Corp opened for trading at $13.7 and hit $13.895 on the upside on Friday, eventually ending the session at $13.86, with a gain of 0.87% or 0.12 points. The heightened volatility saw the trading volume jump to 24,21,507 shares. Company has a market cap of $3,295 M.

In a different news, on Jan 29, 2016, John C Compton (director) purchased 8,000 shares at $12.63 per share price. According to the SEC, on Jan 14, 2016, Vicki R Palmer (director) sold 5,579 shares at $15.30 per share price. On Oct 30, 2015, Robert B Carter (director) sold 1 shares at $14.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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). FHN operates through four segments: regional banking capital markets corporate and non-strategic. As of December 31 2014 FHN’s subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31 2014 the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina and one branch each in Virginia South Carolina and Florida. At December 31 2014 FTN Financial products and services were offered through 27 offices in total including 26 offices in 16 states across the United States plus an office in Hong Kong.

First Horizon National Corp

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