First Horizon National Corp (FHN) is Upgraded by Jefferies to Buy

First Horizon National Corp (FHN) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on First Horizon National Corp. Hovde Group Downgraded First Horizon National Corp on Sep 26, 2016 to ” Market Perform”, Price Target of the shares are set at $16.50.

On the company’s financial health, First Horizon National Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $0.25.Analysts expectations of $ 328.34.During the same quarter in the previous year, the company posted $0.29 EPS.

First Horizon National Corp (FHN) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $18.7 and reached the intraday high at $18.77. The bulls started the profit booking and pushed the shares to intraday low of $18.62. The trading session was marked by a volume range of 3,03,275 shares exchanging hands. The 52-week high of the shares is $19.26 and the 52-week low is $11.51. The market cap of the company stands at $4,364 M and there are 23,32,34,590 shares in public circulation.

In a different news, on Nov 10, 2016, John M Daniel (EVP & Chief HR Officer) sold 42,531 shares at $16.00 per share price. According to the SEC, on Sep 7, 2016, David T Popwell (President-Banking) sold 110,422 shares at $15.11 per share price. On Aug 31, 2016, Michael E Kisber (President-FTN Financial) sold 456,230 shares at $15.25 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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