Short Term Price Target on First Horizon National Corporation (FHN)

First Horizon National Corporation (NYSE:FHN) : Currently there are 9 street experts covering First Horizon National Corporation (NYSE:FHN) stock. The most bullish and bearish price target for the stock is $16 and $12 respectively for the short term. The average price target of all the analysts comes to $14.5. The estimated standard deviation from the target is $1.2.

First Horizon National Corporation has lost 2.27% in the last five trading days and dropped 5.35% in the last 4 weeks. First Horizon National Corporation is up 5.71% in the last 3-month period. Year-to-Date the stock performance stands at -4.11%.

First Horizon National Corporation (NYSE:FHN) : The consensus on First Horizon National Corporation (NYSE:FHN) based on 12 analyst recommendation on the company stock is 2.83, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on First Horizon National Corporation (NYSE:FHN).

First Horizon National Corporation (NYSE:FHN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.48 and $13.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.78, notching a gain of 3.14% for the day. The total traded volume was 3,198,902 . The stock had closed at $13.36 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of First Horizon National Corp, Martin R Brad had purchased shares worth of $13,922 in a transaction dated on June 10, 2016. A total of 533 shares were purchased at a price of $26.12 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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, FHNs 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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