About First Horizon National (NYSE:FHN)
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. It also provides investment, financial planning, trust, asset management, and cash management services. In addition, the company is involved in fixed income securities sales, trading, and strategies for institutional clients; underwriting of bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; loan sales; derivative sales; and provision of advisory services. Further, it offers discount and full-service brokerage services; correspondent banking services; transaction processing services comprising nationwide check clearing and remittance processing; trust, fiduciary, and agency services; credit card products; equipment finance; and investment and financial advisory services. Additionally, the company engages in mutual fund and retail insurance sales, as well as provides mortgage banking services. As of February 27, 2018, it operated approximately 350 branches under the First Tennessee Bank and Capital Bank brands across the southeast United States. The company was founded in 1864 and is headquartered in Memphis, Tennessee.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:FHN
CUSIP32051710
Phone901-523-4444
Debt
Debt-to-Equity Ratio0.27%
Current Ratio0.92%
Quick Ratio0.90%
Price-To-Earnings
Trailing P/E Ratio15.16
Forward P/E Ratio12.88
P/E Growth1.83
Sales & Book Value
Annual Sales$1.48 billion
Price / Sales4.12
Cash Flow$1.0477 per share
Price / Cash17.82
Book Value$13.70 per share
Price / Book1.36
Profitability
EPS (Most Recent Fiscal Year)$1.11
Net Income$165.51 million
Net Margins12.30%
Return on Equity9.37%
Return on Assets0.96%
Miscellaneous
Employees5,984
Outstanding Shares326,830,000
First Horizon National (NYSE:FHN) Frequently Asked Questions
What is First Horizon National's stock symbol?
First Horizon National trades on the New York Stock Exchange (NYSE) under the ticker symbol "FHN."
How often does First Horizon National pay dividends? What is the dividend yield for First Horizon National?
First Horizon National declared a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.12 per share on Monday, April 2nd. This represents a $0.48 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from First Horizon National's previous quarterly dividend of $0.09. View First Horizon National's Dividend History.
How will First Horizon National's stock buyback program work?
First Horizon National declared that its board has authorized a stock buyback plan on Wednesday, January 24th 2018, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.
How were First Horizon National's earnings last quarter?
First Horizon National Co. (NYSE:FHN) released its quarterly earnings data on Friday, April, 13th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The financial services provider earned $437.20 million during the quarter, compared to the consensus estimate of $438.60 million. First Horizon National had a return on equity of 9.37% and a net margin of 12.30%. The firm's quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. View First Horizon National's Earnings History.
When is First Horizon National's next earnings date?
What price target have analysts set for FHN?
14 analysts have issued 12-month price objectives for First Horizon National's stock. Their forecasts range from $20.00 to $25.00. On average, they expect First Horizon National's share price to reach $22.0909 in the next twelve months. View Analyst Ratings for First Horizon National.
Who are some of First Horizon National's key competitors?
Some companies that are related to First Horizon National include Zions Bancorp (ZION), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Bancorp (PACW), Synovus (SNV), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), FNB (FNB), Valley National Bank (VLY), TCF Financial (TCF), UMB Financial (UMBF), MB Financial (MBFI), Fulton Financial (FULT), Community Bank, N.A. (CBU), Washington Federal (WAFD) and Simmons First National (SFNC).
Who are First Horizon National's key executives?
First Horizon National's management team includes the folowing people:
- Mr. D. Bryan Jordan, Chairman, CEO & Pres (Age 56)
- Mr. William C. Losch III, Exec. VP & CFO (Age 47)
- Mr. Charles T. Tuggle Jr., Exec. VP & Gen. Counsel (Age 69)
- Mr. Michael Edward Kisber, Pres of FTN Financial (Age 58)
- Mr. David T. Popwell, Pres of First Tennessee Bank and Chief Operating Officer of First Tennessee Bank (Age 58)
Has First Horizon National been receiving favorable news coverage?
Media coverage about FHN stock has trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Horizon National earned a media sentiment score of 0.17 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 45.36 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
How do I buy shares of First Horizon National?
Shares of FHN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Horizon National's stock price today?
One share of FHN stock can currently be purchased for approximately $18.67.
How big of a company is First Horizon National?
First Horizon National has a market capitalization of $6.10 billion and generates $1.48 billion in revenue each year. The financial services provider earns $165.51 million in net income (profit) each year or $1.11 on an earnings per share basis. First Horizon National employs 5,984 workers across the globe.
How can I contact First Horizon National?
First Horizon National's mailing address is 165 MADISON AVENUE, MEMPHIS TN, 38103. The financial services provider can be reached via phone at 901-523-4444 or via email at [email protected]
MarketBeat Community Rating for First Horizon National (FHN)
MarketBeat's community ratings are surveys of what our community members think about First Horizon National and other stocks. Vote "Outperform" if you believe FHN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FHN will underperform the S&P 500 over the long term. You may vote once every thirty days.
First Horizon National (NYSE:FHN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for First Horizon National in the last 12 months. Their average twelve-month price target is $22.0909, suggesting that the stock has a possible upside of 18.32%. The high price target for FHN is $25.00 and the low price target for FHN is $20.00. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.71 | 2.64 | 2.58 | 2.40 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
8 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
3 Buy Rating(s)
2 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.0909 | $22.3333 | $21.8750 | $20.25 |
| Price Target Upside: | 18.32% upside | 14.00% upside | 7.92% upside | 7.03% upside |
First Horizon National (NYSE:FHN) Consensus Price Target History
First Horizon National (NYSE:FHN) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
First Horizon National (NYSE:FHN) Dividend Information
First Horizon National pays an annual dividend of $0.48 per share, with a dividend yield of 2.57%. FHN's most recent quarterly dividend payment was Monday, April 2. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of 19.30% each year. First Horizon National pays out 43.24% of its earnings out as a dividend.
| Most Recent Dividend: | 4/2/2018 |
| Annual Dividend: | $0.48 |
| Dividend Yield: | 2.57% |
| Dividend Growth: | 19.30% (3 Year Average) |
| Payout Ratio: | 43.24% (Trailing 12 Months of Earnings)
33.10% (Based on This Year's Estimates)
28.24% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
First Horizon National (NYSE:FHN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/23/2018 | quarterly | $0.12 | 2.55% | 3/8/2018 | 3/9/2018 | 4/2/2018 |
| 10/24/2017 | quarterly | $0.09 | 1.89% | 11/2/2017 | 11/3/2017 | 1/2/2018 |
| 7/25/2017 | quarterly | $0.09 | 2.04% | 9/7/2017 | 9/8/2017 | 10/2/2017 |
| 4/25/2017 | quarterly | $0.09 | 1.89% | 6/7/2017 | 6/9/2017 | 7/3/2017 |
| 1/24/2017 | quarterly | $0.09 | 1.75% | 3/8/2017 | 3/10/2017 | 4/3/2017 |
| 10/25/2016 | quarterly | $0.07 | 1.83% | 12/7/2016 | 12/9/2016 | 1/3/2017 |
| 7/26/2016 | quarterly | $0.07 | 1.9% | 9/7/2016 | 9/9/2016 | 10/3/2016 |
| 4/26/2016 | quarterly | $0.07 | 1.95% | 6/8/2016 | 6/10/2016 | 7/1/2016 |
| 1/26/2016 | quarterly | $0.07 | 1.93% | 3/9/2016 | 3/11/2016 | 4/1/2016 |
| 10/20/2015 | quarterly | $0.06 | | 12/9/2015 | 12/11/2015 | 1/4/2016 |
| 7/21/2015 | quarterly | $0.06 | | 9/9/2015 | 9/11/2015 | 10/1/2015 |
| 4/28/2015 | quarterly | $0.06 | 1.67% | 6/10/2015 | 6/12/2015 | 7/1/2015 |
| 1/21/2015 | quarterly | $0.06 | 1.83% | 3/11/2015 | 3/13/2015 | 4/1/2015 |
| 10/21/2014 | quarterly | $0.05 | 1.68% | 12/10/2014 | 12/12/2014 | 1/1/2015 |
| 7/22/2014 | quarterly | $0.05 | 1.69% | 9/10/2014 | 9/12/2014 | 10/1/2014 |
| 4/29/2014 | quarterly | $0.05 | 1.74% | 6/11/2014 | 6/13/2014 | 7/1/2014 |
| 1/22/2014 | quarterly | $0.05 | 1.66% | 3/12/2014 | 3/14/2014 | 4/1/2014 |
| 10/22/2013 | quarterly | $0.05 | 1.85% | 12/11/2013 | 12/13/2013 | 1/1/2014 |
| 7/16/2013 | quarterly | $0.05 | 1.67% | 9/11/2013 | 9/13/2013 | 10/1/2013 |
| 5/2/2013 | quarterly | $0.05 | 1.9% | 6/12/2013 | 6/14/2013 | 7/1/2013 |
| 1/24/2013 | quarterly | $0.05 | 1.97% | 3/13/2013 | 3/15/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
First Horizon National (NYSE FHN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.75%
Institutional Ownership Percentage: 82.92%
First Horizon National (NYSE FHN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/14/2018 | John M Daniel | EVP | Sell | 22,389 | $19.79 | $443,078.31 | |  |
| 3/9/2018 | Michael E Kisber | Insider | Sell | 44,707 | $20.21 | $903,528.47 | | |
| 3/6/2018 | Michael E Kisber | Insider | Sell | 160,000 | $20.00 | $3,200,000.00 | 568,904 | |
| 1/29/2018 | Peter N Foss | Director | Sell | 30,000 | $20.32 | $609,600.00 | 56,220 | |
| 10/20/2017 | R Brad Martin | Director | Sell | 5,449 | $19.25 | $104,893.25 | 482,188 | |
| 9/27/2017 | William C Losch III | CFO | Sell | 45,107 | $18.63 | $840,343.41 | 275,497 | |
| 9/26/2017 | William C Losch III | CFO | Sell | 3,500 | $18.51 | $64,785.00 | 233,890 | |
| 6/15/2017 | Vicki R Palmer | Director | Sell | 5,211 | $17.65 | $91,974.15 | 57,818 | |
| 2/3/2017 | John M Daniel | EVP | Sell | 28,987 | $19.96 | $578,580.52 | 259,042 | |
| 11/9/2016 | John M Daniel | EVP | Sell | 42,531 | $16.00 | $680,496.00 | 272,586 | |
| 9/6/2016 | David T Popwell | Insider | Sell | 110,422 | $15.12 | $1,669,580.64 | 299,844 | |
| 8/30/2016 | Michael E Kisber | Insider | Sell | 338,187 | $15.25 | $5,157,351.75 | 473,309 | |
| 8/29/2016 | Michael E Kisber | Insider | Sell | 118,043 | $15.25 | $1,800,155.75 | 473,309 | |
| 8/26/2016 | D Bryan Jordan | Chairman | Sell | 461,187 | $15.05 | $6,940,864.35 | 821,178 | |
| 8/26/2016 | William C Losch III | CFO | Sell | 84,566 | $15.04 | $1,271,872.64 | 300,204 | |
| 8/26/2016 | Yousef A Valine | EVP | Sell | 59,196 | $15.05 | $890,899.80 | 219,642 | |
| 8/24/2016 | John M Daniel | EVP | Sell | 53,048 | $14.93 | $792,006.64 | 283,103 | |
| 6/10/2016 | Vicki R Palmer | Director | Sell | 6,362 | $13.93 | $88,622.66 | 51,896 | |
| 6/8/2016 | R Brad Martin | Director | Buy | 5,267 | $25.94 | $136,625.98 | 191 | |
| 5/13/2016 | John M Daniel | EVP | Sell | 10,090 | $13.64 | $137,627.60 | 240,145 | |
| 5/13/2016 | William C Losch III | CFO | Sell | 18,200 | $13.74 | $250,068.00 | 233,838 | |
| 1/28/2016 | John C Compton | Director | Buy | 8,000 | $12.63 | $101,040.00 | 69,967 | |
| 11/9/2015 | Vicki R Palmer | Director | Sell | 5,579 | $15.30 | $85,358.70 | 22,020 | |
| 6/9/2015 | Vicki R Palmer | Director | Sell | 4,927 | $15.40 | $75,875.80 | | |
| 5/13/2015 | Charles T Tuggle Jr | EVP | Sell | 7,687 | $14.41 | $110,769.67 | | |
| 12/9/2014 | David T Popwell | Insider | Sell | 21,866 | $13.10 | $286,444.60 | | |
| 12/9/2014 | Susan L Springfield | EVP | Sell | 1,843 | $13.24 | $24,401.32 | | |
| 3/12/2014 | Charles Tuggle, Jr. | EVP | Sell | 12,100 | $11.98 | $144,958.00 | 171,668 | |
| 3/12/2014 | William Losch III | CFO | Sell | 11,550 | $12.07 | $139,408.50 | 158,731 | |
| 8/24/2012 | Corydon J Gilchrist | Director | Buy | 15,000 | $8.48 | $127,200.00 | | |
(Data available from 1/1/2013 forward)
First Horizon National (NYSE FHN) News Headlines
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First Horizon National (NYSE:FHN) SEC Filings
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First Horizon National (NYSE:FHN) Income Statement, Balance Sheet and Cash Flow Statement
First Horizon National (NYSE FHN) Stock Chart for Saturday, April, 21, 2018
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