Economy

What the Technicals Say About First Horizon National Corporation (FHN)

What the Technicals Say About First Horizon National Corporation (FHN)

(NYSE:FHN) provides financial services through its First Tennessee, Capital Bank, FTB Advisors, and FTN Financial businesses.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. PNC Financial Services Group Inc. increased its holdings in First Horizon National by 2.4% in the second quarter. Comparatively, FHN posted earnings of $0.28 per share in the same quarter, a year earlier. Finally, Riverhead Capital Management LLC increased its holdings in shares of First Horizon National by 63.2% during the second quarter.

Tightening the gaze, stock performance for the last 5 trading days is 4.19%. FHN is already driving a 1.62% rally over the course of the past year and is now down -3.1% since this point in 2017. VANGUARD GROUP INC owned 5.07% of Ally Financial Inc. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 26th. The share price has moved forward from its 20 days moving average, trading at a distance of 7.34% and stays 5.94% away from its 50 days moving average. The disclosure for this sale can be found here.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Institutional owners hold 92.60% stake in the company, while insiders ownership held at 0.30%. The company P/S (price to Sales) ratio is 4.97, P/B (price to Book) ratio is 1.82, while its P/C (price to Cash) ratio stands at 1.41. While talking about Performance of the Stock, First Horizon National Corporation now has a Weekly performance of 6.67%, monthly performance percentage is 5.31 percent, Quarterly performance is 14.55 percent, 6 months performance shows a percent value of 14.02% and Yearly Performance is 5.98 percent.

First Horizon National Corp (NYSE:FHN) last issued its earnings results on Thursday, April 13th.

Valued now at $19.39, the vast majority of Wall Street analysts continue to say it's a hold. Its revenue totaled $339.76 million up 3.47% from the previous quarter. The Return on Equity (ROE) value stands at 11.1%.

More news: Wisconsin issues hunting licenses to 10 children under a year old

First Horizon National Corporation (NYSE:FHN), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. The ex-dividend date is Thursday, November 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 2.10%. First Horizon National's dividend payout ratio (DPR) is 32.14%.

Analysts on average have given a price target of $20.89 to First Horizon National Corporation (FHN) stock. Morgan Stanley reiterated an "equal weight" rating and set a $20.00 price objective (up previously from $19.50) on shares of First Horizon National in a research note on Wednesday, October 4th.

First Horizon National Corporation (NYSE:FHN) has a beta of 1.03, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Finally, ValuEngine cut First Horizon National from a "buy" rating to a "hold" rating in a research report on Friday, September 1st.

This recommendation lands on a scale between 1 and 5. The company presently has a consensus rating of "Hold" and an average price target of $20.38.

TRADEMARK VIOLATION NOTICE: "Pacer Advisors Inc". If you are reading this article on another website, it was stolen and republished in violation of U.S. & global trademark & copyright legislation. First Horizon National Corporation (NYSE:FHN) is 6.66% above its 200-day moving average, providing a measure of resistance for long positions.


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