First Horizon National Corp (FHN) announced its most recent quarterly financial results on Friday, Oct-14-2016. FHN said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.25. Analysts expectations of $328.34 million. During the same quarter in the previous year, the company posted $0.29 EPS.
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.First Horizon National Corp was Downgraded by Wells Fargo to ” Underperform” on Aug 23, 2016.
First Horizon National Corp closed down -0.14 points or -0.89% at $15.58 with 22,01,214 shares getting traded on Tuesday. Post opening the session at $15.71, the shares hit an intraday low of $15.51 and an intraday high of $15.795 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 7, 2016, David T Popwell (President-Banking) sold 110,422 shares at $15.11 per share price. According to the SEC, on Aug 31, 2016, Michael E Kisber (President-FTN Financial) sold 456,230 shares at $15.25 per share price. On Aug 30, 2016, Charles T Jr Tuggle (EVP and General Counsel) sold 142,220 shares at $15.02 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 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.