Exclusive: First Horizon National Corp Q2 2016 Institutional Investor Sentiment Better Than Expected

December 1, 2016 - By Clifton Ray   ·   0 Comments

Exclusive: First Horizon National Corp  Q2 2016 Institutional Investor Sentiment  Better Than Expected

Sentiment for First Horizon National Corp (NYSE:FHN)

First Horizon National Corp (NYSE:FHN) institutional sentiment decreased to 1.25 in 2016 Q2. Its down -0.17, from 1.42 in 2016Q1. The ratio dropped, as 115 funds increased or started new stock positions, while 81 sold and reduced their positions in First Horizon National Corp. The funds in our partner’s database reported: 180.85 million shares, down from 183.00 million shares in 2016Q1. Also, the number of funds holding First Horizon National Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 63 Increased: 90 New Position: 25.

First Horizon National Corporation is a bank holding company. The company has a market cap of $4.49 billion. The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). It has a 20.98 P/E ratio. The Firm has four divisions: regional banking, fixed income, corporate and non-strategic.

The stock increased 1.92% or $0.36 during the last trading session, hitting $19.08. First Horizon National Corp (NYSE:FHN) has risen 34.65% since April 28, 2016 and is uptrending. It has outperformed by 28.73% the S&P500.

Analysts await First Horizon National Corp (NYSE:FHN) to report earnings on January, 17. They expect $0.25 EPS, up 25.00% or $0.05 from last year’s $0.2 per share. FHN’s profit will be $58.83 million for 19.08 P/E if the $0.25 EPS becomes a reality. After $0.27 actual EPS reported by First Horizon National Corp for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.

According to Zacks Investment Research, “The First Horizon National family of companies provides financial services to individual and business customers through: First Horizon Home Loans, FTN Financial, First Tennessee Bank, and First Horizon Merchant Services.”

Alpenglow Capital Lp holds 7.04% of its portfolio in First Horizon National Corp for 558,700 shares. Huber Capital Management Llc owns 3.66 million shares or 2.07% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 1.29% invested in the company for 5.46 million shares. The Colorado-based Denver Investment Advisors Llc has invested 1.1% in the stock. Broadview Advisors Llc, a Wisconsin-based fund reported 510,925 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 8 sales for $14.34 million net activity.

First Horizon National Corp (NYSE:FHN) Ratings Coverage

Ratings analysis reveals 38% of First Horizon National Corporation’s analysts are positive. Out of 8 Wall Street analysts rating First Horizon National Corporation, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $13 while the high is $18. The stock’s average target of $15.71 is -17.66% below today’s ($19.08) share price. FHN was included in 17 notes of analysts from July 21, 2015. The firm earned “Buy” rating on Monday, November 28 by Jefferies. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, October 19 report. Wells Fargo downgraded First Horizon National Corp (NYSE:FHN) on Tuesday, August 23 to “Underperform” rating. On Thursday, October 8 the stock rating was initiated by Guggenheim with “Buy”. As per Monday, July 18, the company rating was maintained by Barclays Capital. As per Wednesday, January 20, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, August 12 by Deutsche Bank. The company was upgraded on Tuesday, January 5 by Hovde Group. The firm has “Buy” rating by SunTrust given on Monday, October 19. As per Monday, September 26, the company rating was maintained by Deutsche Bank.

FHN Company Profile

First Horizon National Corporation (FHN), incorporated on September 23, 1968, is a bank holding company. The Firm provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Firm operates through four divisions: regional banking, fixed income, corporate and non-strategic. The Company’s subsidiaries have over 200 business locations in the United States. The Bank has various branch locations in approximately eight states, which include over 160 branches in Tennessee; approximately two branches in northwestern Georgia; approximately six branches in northwestern Mississippi; approximately seven branches in North Carolina, and a branch each in Virginia, South Carolina, Florida and Texas.

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By Clifton Ray


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