Alpenglow Capital Lp adds First Horizon National Corp (FHN) to its portfolio

First Horizon National Corp (FHN) : Alpenglow Capital Lp added new position in First Horizon National Corp during the most recent quarter end. The investment management firm now holds 307,200 shares of First Horizon National Corp which is valued at $4,589,568 , the company said in a statement filed on Aug 15, 2016 with the SEC.First Horizon National Corp makes up approximately 7.88% of Alpenglow Capital Lp’s portfolio.

Other Hedge Funds, Including , Zions Bancorporation added FHN to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $45. Piermont Capital Management added FHN to its portfolio by purchasing 210,580 company shares during the most recent quarter which is valued at $3,146,065. First Horizon National Corp makes up approx 0.76% of Piermont Capital Management’s portfolio.Victory Capital Management Inc boosted its stake in FHN in the latest quarter, The investment management firm added 161,379 additional shares and now holds a total of 2,564,046 shares of First Horizon National Corp which is valued at $38,178,645. First Horizon National Corp makes up approx 0.15% of Victory Capital Management Inc’s portfolio.Artemis Investment Management Llp boosted its stake in FHN in the latest quarter, The investment management firm added 47,581 additional shares and now holds a total of 298,435 shares of First Horizon National Corp which is valued at $4,386,995. First Horizon National Corp makes up approx 0.11% of Artemis Investment Management Llp’s portfolio.

First Horizon National Corp closed down -0.14 points or -0.91% at $15.24 with 23,78,982 shares getting traded on Thursday. Post opening the session at $15.45, the shares hit an intraday low of $15.185 and an intraday high of $15.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, First Horizon National Corp reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $0.23. The company had revenue of $321.80 million for the quarter, 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.

Investors should note that on Jul 26, 2016, First Horizon National Corp announced a cash dividend of $0.0700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 3, 2016.

Many Wall Street Analysts have commented on First Horizon National Corp. First Horizon National Corp was Downgraded by Wells Fargo to ” Underperform” on Aug 23, 2016.

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.

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