About First Horizon National (NYSE:FHN)
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. 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. The regional banking segment provides investments and financial planning. The Company's fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The Company's corporate segment consists of funds management, tax credit investment activities and gains on the extinguishment of debt, among others. The non-strategic segment offers wind-down national consumer lending activities and mortgage banking elements.
Industry, Sector and Symbol
Industry BANKS & THRIFTS
Trailing P/E Ratio27.5946028203307
Forward P/E Ratio12.94
Sales & Book Value
Annual Sales$1.48 billion
Price / Sales4.06
Cash Flow$0.98 per share
Price / Cash18.72
Book Value$13.73 per share
Price / Book1.34
Net Income$165.51 million
Return on Equity8.80%
Return on Assets0.86%
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 announced a quarterly dividend on Tuesday, January 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.12 per share on Monday, April 2nd. This represents a $0.48 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, March 8th. This is an increase 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 initiated a stock repurchase plan on Wednesday, January 24th 2018, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
How were First Horizon National's earnings last quarter?
First Horizon National Corp (NYSE:FHN) posted its earnings results on Friday, January, 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The financial services provider earned $375.30 million during the quarter, compared to analyst estimates of $368.93 million. First Horizon National had a return on equity of 8.80% and a net margin of 11.18%. The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. View First Horizon National's Earnings History.
When will First Horizon National make its next earnings announcement?
Where is First Horizon National's stock going? Where will First Horizon National's stock price be in 2018?
10 analysts have issued 12 month price objectives for First Horizon National's shares. Their predictions range from $20.00 to $25.00. On average, they expect First Horizon National's stock price to reach $22.00 in the next year. 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), East West Bancorp (EWBC), Signature Bank (SBNY), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), People's United Financial (PBCT), BOK Financial (BOKF), Commerce Bancshares (CBSH), Bank Of The Ozarks (OZRK), PacWest Bancorp (PACW), Western Alliance Bancorporation (WAL), Synovus Financial (SNV), Sterling Bancorp (STL), Prosperity Bancshares (PB), Pinnacle Financial Partners (PNFP), First Citizens BancShares (FCNCA), Webster Financial (WBS) and Umpqua (UMPQ).
Who are First Horizon National's key executives?
First Horizon National's management team includes the folowing people:
- David Bryan Jordan, Chairman of the Board, President, Chief Executive Officer of the Corporation and the Bank (Age 55)
- R. Eugene Taylor, Vice Chairman of the Board (Age 69)
- William C. Losch III, Chief Financial Officer, Executive Vice President of the Corporation and the Bank (Age 46)
- Michael E. Kisber, President - FTN Financial of the Corporation and the Bank (Age 58)
- David T. Popwell, President - Banking of the Corporation and the Bank (Age 57)
- John M. Daniel, Executive Vice President, Chief Human Resources Officer of the Corporation and the Bank (Age 62)
- Jeff L. Fleming, Executive Vice President, Chief Accounting Officer of the Corporation and the Bank (Age 55)
- Yousef A. Valine, Executive Vice President, Chief Risk Officer of the Corporation and the Bank (Age 57)
- Charles T. Tuggle Jr., Executive Vice President, General Counsel of the Corporation and the Bank (Age 68)
- Susan L. Springfield, Executive Vice President, Chief Credit Officer of the Corporation and the Bank (Age 52)
Has First Horizon National been receiving favorable news coverage?
Press coverage about FHN stock has been trending somewhat positive recently, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Horizon National earned a media sentiment score of 0.06 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 44.60 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are First Horizon National's major shareholders?
First Horizon National's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.97%), Franklin Resources Inc. (4.87%), Fuller & Thaler Asset Management Inc. (3.77%), Goldman Sachs Group Inc. (2.34%), Parnassus Investments CA (2.02%) and Victory Capital Management Inc. (1.68%). Company insiders that own First Horizon National stock include D Bryan Jordan, David T Popwell, John M Daniel, Michael E Kisber, Peter N Foss, R Brad Martin, Vicki R Palmer, William C Losch III and Yousef A Valine. View Institutional Ownership Trends for First Horizon National.
Which major investors are selling First Horizon National stock?
FHN stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, LSV Asset Management, Guggenheim Capital LLC, Frontier Capital Management Co. LLC, Metropolitan Life Insurance Co. NY, Jane Street Group LLC, FTB Advisors Inc. and Pinebridge Investments L.P.. Company insiders that have sold First Horizon National company stock in the last year include John M Daniel, Michael E Kisber, Peter N Foss, R Brad Martin, Vicki R Palmer and William C Losch III. View Insider Buying and Selling for First Horizon National.
Which major investors are buying First Horizon National stock?
FHN stock was purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., BlackRock Inc., Oak Hill Capital Management LLC, Goldman Sachs Group Inc., NWQ Investment Management Company LLC, Millennium Management LLC, Renaissance Technologies LLC and Parnassus Investments CA. View Insider Buying and Selling for First Horizon National.
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 $18.38.
How big of a company is First Horizon National?
First Horizon National has a market capitalization of $6.40 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 $0.69 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
First Horizon National (NYSE:FHN) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Hold||Hold|
|Consensus Rating Score: ||2.60||2.60||2.42||2.38|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
3 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$22.00||$22.00||$21.14||$19.43|
|Price Target Upside: ||19.70% upside||17.71% upside||6.51% upside||11.08% upside|
First Horizon National (NYSE:FHN) Consensus Price Target History
First Horizon National (NYSE:FHN) Analyst Ratings History
(Data available from 3/23/2016 forward)
First Horizon National (NYSE:FHN) Earnings History and Estimates Chart
First Horizon National (NYSE FHN) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/19/2018||Q4 2017||$0.29||$0.30||$368.93 million||$375.30 million||View||Listen|
|10/13/2017||Q3 2017||$0.30||$0.32||$340.48 million||$337.00 million||View||N/A|
|7/14/2017||Q2 2017||$0.26||$0.27||$331.27 million||$328.37 million||View||N/A|
|4/13/2017||Q1 2017||$0.23||$0.23||$324.31 million||$306.65 million||View||N/A|
|1/13/2017||Q416||$0.25||$0.23||$330.89 million||$319.60 million||View||N/A|
|10/14/2016||Q316||$0.25||$0.27||$327.28 million||$333.74 million||View||Listen|
|7/15/2016||Q216||$0.23||$0.24||$314.06 million||$321.78 million||View||Listen|
|4/15/2016||Q116||$0.20||$0.20||$302.11 million||$306.38 million||View||Listen|
|1/19/2016||Q415||$0.21||$0.20||$292.07 million||$298.90 million||View||Listen|
|10/16/2015||Q315||$0.22||$0.29||$297.73 million||$288.70 million||View||N/A|
|7/17/2015||Q215||$0.20||$0.22||$289.77 million||$296.94 million||View||Listen|
|4/17/2015||Q115||$0.18||$0.18||$281.30 million||$286.30 million||View||N/A|
|1/23/2015||Q414||$0.17||$0.20||$282.20 million||$278.65 million||View||N/A|
|10/17/2014||Q314||$0.17||$0.19||$282.40 million||$317.36 million||View||Listen|
|7/18/2014||Q214||$0.16||$0.32||$284.32 million||$283.69 million||View||N/A|
|4/17/2014||Q114||$0.15||$0.19||$288.85 million||$298.10 million||View||N/A|
|1/17/2014||Q413||$0.17||$0.10||$298.66 million||$282.18 million||View||Listen|
|10/18/2013||Q313||$0.19||$0.19||$313.23 million||$309.31 million||View||N/A|
|7/19/2013||Q2 2013||$0.19||$0.17||$318.96 million||$302.65 million||View||N/A|
|4/19/2013||Q1 2013||$0.17||$0.17||$327.15 million||$317.81 million||View||N/A|
|1/18/2013||Q4 2012||$0.17||$0.17||$338.79 million||$317.04 million||View||N/A|
First Horizon National (NYSE:FHN) Earnings Estimates
2018 EPS Consensus Estimate: $1.38
2019 EPS Consensus Estimate: $1.71
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
First Horizon National (NYSE:FHN) Dividend Information
|Dividend Growth:||19.30% (3 Year Average)|
|Payout Ratio:||69.57% (Trailing 12 Months of Earnings) |
33.80% (Based on This Year's Estimates)
28.40% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
First Horizon National (NYSE:FHN) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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 Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
First Horizon National (NYSE FHN) News Headlines
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 Friday, March, 23, 2018