First Horizon National Corp (NYSE:FHN) Declares $0.14 Quarterly Dividend

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First Horizon National Corp (NYSE:FHN) announced a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.43%.

FHN traded up $0.10 during trading on Tuesday, reaching $16.35. 92,784 shares of the company traded hands, compared to its average volume of 2,627,481. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.96. First Horizon National has a 12-month low of $12.30 and a 12-month high of $16.85. The firm has a fifty day simple moving average of $16.05 and a 200 day simple moving average of $15.26. The company has a market cap of $5.05 billion, a P/E ratio of 11.60, a PEG ratio of 1.74 and a beta of 1.31.

First Horizon National (NYSE:FHN) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. First Horizon National had a net margin of 19.09% and a return on equity of 10.34%. The business had revenue of $472.40 million during the quarter, compared to analyst estimates of $466.10 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that First Horizon National will post 1.62 earnings per share for the current fiscal year.

In other news, EVP Yousef A. Valine sold 38,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $16.03, for a total transaction of $622,236.51. Following the completion of the transaction, the executive vice president now directly owns 239,939 shares in the company, valued at approximately $3,846,222.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on FHN. Keefe, Bruyette & Woods downgraded First Horizon National from an “outperform” rating to a “market perform” rating and increased their target price for the company from $17.00 to $17.50 in a research report on Wednesday, October 16th. Piper Jaffray Companies began coverage on First Horizon National in a research report on Wednesday, July 3rd. They set a “buy” rating and a $18.00 target price for the company. UBS Group upgraded First Horizon National from a “sell” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, August 5th. Zacks Investment Research upgraded First Horizon National from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, July 19th. Finally, Raymond James upgraded First Horizon National from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. First Horizon National presently has a consensus rating of “Hold” and a consensus target price of $18.11.

First Horizon National Company Profile

First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.

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Dividend History for First Horizon National (NYSE:FHN)

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