Is Buying First Horizon National Corporation (FHN) Here a Winning Strategy?

07 Декабря, 2017, 20:39 | Author: Leticia Walters

Jefferies maintained First Horizon National Corporation (NYSE:FHN) on Friday, August 18 with "Buy" rating. RBC Capital Markets maintained it with "Hold" rating and $22.0 target in Tuesday, December 5 report. The company presently has a consensus rating of "Hold" and a consensus target price of $20.75. The stock has "Equalweight" rating by Barclays Capital on Monday, July 18.

COPYRIGHT VIOLATION WARNING: "First Horizon National (FHN) Given "Hold" Rating at Royal Bank Of Canada" was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online.

Fed funds futures prices showed that shareholders see a rate increase at the Federal Reserve's December 12-13 meeting as a done deal with much of the focus now on the outlook for rates in 2018 and beyond. The firm has a market capitalization of $4,747.85, a PE ratio of 19.31, a PEG ratio of 2.61 and a beta of 1.03.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. Therefore 100% are positive. (FB) worth $24.7 billion at the end of the most recent reporting period. The firm has "Hold" rating given on Friday, May 5 by Stephens. The company was initiated on Tuesday, July 26 by Compass Point. Keefe Bruyette & Woods maintained it with "Buy" rating and $21.0 target in Friday, October 13 report. The company was maintained on Monday, October 16 by Raymond James. On Monday, September 21 the stock rating was upgraded by JMP Securities to "Mkt Outperform". About 59,880 shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since December 7, 2016 and is downtrending. It has outperformed by 62.21% the S&P500. Fuller Thaler Asset Mgmt invested in 12.03 million shares. The company has market cap of $193.21 million. Morgan Stanley reiterated an equal weight rating and issued a $19.50 target price on shares of First Horizon National in a research report on Wednesday, September 27th. They expect $0.28 earnings per share, up 21.74 % or $0.05 from last year's $0.23 per share. Narrowing in further, the stock has been recently noted at -6.94% away from the 30 day high and +0.40% separated from the 30 day low.

First Horizon National Corporation operates as the bank holding firm for First Tennessee Bank National Association that provides various financial services in the United States and internationally. The Company's regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. It has a 17.66 P/E ratio. The fund bought 19,416 shares of the financial services provider's stock, valued at approximately $372,000.

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Many analysts have provided their estimated foresights on First Horizon National Corporation Earnings, with 15 analysts believing the company would generate an Average Estimate of $0.31.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day.

More important recent First Horizon National Corporation (NYSE:FHN) news were published by: Streetinsider.com which released: "First Horizon National (FHN) to Sell 2 Branches to Apex Bank" on November 17, 2017, also Bizjournals.com published article titled: "First Horizon completes $2.2 billion transaction", Bizjournals.com published: "Brad Martin retires from Memphis public company board" on December 04, 2017. It has outperformed by 5.18% the S&P500.

The investor is now holding $6.46 million shares due in part to a decrease of 7.36 million new shares in their portfolio. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. LLC raised its position in First Horizon National by 56.1% in the 2nd quarter. The company holds 239.58 million outstanding shares and 230.85 million shares are floating in market. Lmr Prns Limited Liability Partnership has invested 0.13% of its portfolio in First Horizon National Corporation (NYSE:FHN). The Virginia-based Virginia Retirement Et Al has invested 0.02% in First Horizon National Corporation (NYSE:FHN). Artemis Investment Ltd Liability Partnership invested 0.05% in First Horizon National Corporation (NYSE:FHN). Jarislowsky Fraser holds 0.01% or 88,097 shares in its portfolio. Segall Bryant And Hamill Limited Company holds 0.07% or 159,101 shares. Glenmede Trust Na owns 403 shares for 0% of their portfolio. The South Texas Money Management Ltd holds 492,613 shares with $29.49M value, up from 471,511 last quarter. State Street Corporation accumulated 14.20 million shares. Old Second Financial Bank Of Aurora invested in 0% or 60 shares. 607.21 million shares or 0.72% less from 611.64 million shares in 2017Q1 were reported. About 2.96 million shares traded. (NYSE:PFE). Patten Group has 4,846 shares.

Since June 15, 2017, it had 0 insider purchases, and 1 insider sale for $91,995 activity.

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