First Horizon National Corp (FHN) Releases Earnings Results, Beats Expectations By $0.01 EPS

First Horizon National Corp (FHN) reported quarterly earnings results on Friday, Jul-15-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $321.80 million in the period, compared to analysts expectations of $315.46 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on First Horizon National Corp. Company shares were Reiterated by RBC Capital Mkts on Apr 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

First Horizon National Corp (FHN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.2 and reached the intraday high at $14.3. The bulls started the profit booking and pushed the shares to intraday low of $14.1. The trading session was marked by a volume range of 21,39,906 shares exchanging hands. The 52-week high of the shares is $16.345 and the 52-week low is $11.51. The market cap of the company stands at $3,311 M and there are 23,25,47,030 shares in public circulation.

In a different news, on Jun 14, 2016, R Brad Martin (director) purchased 533 shares at $26.12 per share price. According to the SEC, on Jun 13, 2016, Vicki R Palmer (director) sold 6,362 shares at $13.93 per share price. On May 16, 2016, William C Iii Losch (EVP and CFO) sold 18,200 shares at $13.73 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

Leave a Reply

First Horizon National Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on First Horizon National Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.