First Horizon National Corp (NYSE:FHN) Institutional Investors Sentiment Increased in 2018 Q2

October 2, 2018 - By Louis Casey

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Sentiment for First Horizon National Corp (NYSE:FHN)

First Horizon National Corp (NYSE:FHN) institutional sentiment increased to 1.55 in 2018 Q2. Its up 0.11, from 1.44 in 2018Q1. The ratio has improved, as 146 investment managers increased or started new stock positions, while 94 reduced and sold their stakes in First Horizon National Corp. The investment managers in our partner’s database now have: 265.13 million shares, down from 265.51 million shares in 2018Q1. Also, the number of investment managers holding First Horizon National Corp in their top 10 stock positions increased from 2 to 5 for an increase of 3. Sold All: 24 Reduced: 70 Increased: 102 New Position: 44.

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 has market cap of $5.53 billion. The firm offers general banking services for consumers, businesses, financial institutions, and governments. It has a 26.63 P/E ratio. It also provides investment, financial planning, trust, asset management, and cash management services.

The stock decreased 0.79% or $0.135 during the last trading session, reaching $17.015. About 327,002 shares traded. First Horizon National Corporation (NYSE:FHN) has risen 3.14% since October 2, 2017 and is uptrending. It has underperformed by 12.48% the S&P500.

Analysts await First Horizon National Corporation (NYSE:FHN) to report earnings on October, 12. They expect $0.36 earnings per share, up 12.50 % or $0.04 from last year’s $0.32 per share. FHN’s profit will be $117.00 million for 11.82 P/E if the $0.36 EPS becomes a reality. After $0.36 actual earnings per share reported by First Horizon National Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Oak Hill Capital Management Llc holds 32.94% of its portfolio in First Horizon National Corporation for 5.39 million shares. Ejf Capital Llc owns 1.92 million shares or 3.31% of their US portfolio. Moreover, Huber Capital Management Llc has 2.48% invested in the company for 2.14 million shares. The Arkansas-based Forest Hill Capital Llc has invested 2.35% in the stock. Fuller & Thaler Asset Management Inc., a California-based fund reported 12.05 million shares.

Since January 1, 0001, it had 1 insider purchase, and 0 sales for $88,381 activity.

First Horizon National Corporation (NYSE:FHN) Ratings Coverage

Ratings analysis reveals 67% of First Horizon National’s analysts are positive. Out of 12 Wall Street analysts rating First Horizon National, 8 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $19 while the high is $2300. The stock’s average target of $21.05 is 23.71% above today’s ($17.015) share price. FHN was included in 14 notes of analysts from April 5, 2018. The stock of First Horizon National Corporation (NYSE:FHN) earned “Hold” rating by Stephens on Monday, April 16. Keefe Bruyette & Woods maintained the shares of FHN in report on Friday, April 13 with “Buy” rating. RBC Capital Markets maintained First Horizon National Corporation (NYSE:FHN) rating on Wednesday, July 18. RBC Capital Markets has “Sector Perform” rating and $19 target. UBS downgraded the shares of FHN in report on Wednesday, July 18 to “Neutral” rating. The stock of First Horizon National Corporation (NYSE:FHN) has “Hold” rating given on Monday, April 16 by Hovde Group. The stock of First Horizon National Corporation (NYSE:FHN) earned “Outperform” rating by Wood on Wednesday, July 18. The firm earned “Hold” rating on Friday, April 13 by RBC Capital Markets. Raymond James downgraded First Horizon National Corporation (NYSE:FHN) on Wednesday, July 18 to “Outperform” rating. As per Thursday, April 5, the company rating was upgraded by Wells Fargo. The firm has “Buy” rating given on Wednesday, April 18 by Jefferies.

Another recent and important First Horizon National Corporation (NYSE:FHN) news was published by Globenewswire.com which published an article titled: “25 Years of Giving Video Contest Winners Announced” on October 01, 2018.

First Horizon National Corporation (NYSE:FHN) Institutional Positions Chart

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