Economy

Unusual Volume Spotted in First Horizon National Corporation (NYSE:FHN) Stock

Unusual Volume Spotted in First Horizon National Corporation (NYSE:FHN) Stock

First Horizon National Corporation (FHN) has risen 27.97% since then. Also, the Hold rating count is 10 as of 12/4/2107. Zacks Investment Research raised shares of First Horizon National from a "sell" rating to a "hold" rating in a report on Monday, October 9th. At recent session, the prices were hovering between $19.92 and $20.59. The Weekly Volatility is 3.78% and the Monthly Volatility is 2.47%.

First Horizon National Corporation (FHN) opened the session with a $20.12 price tag, later ranging from $19.92 to $20.59, the range at which the stock has traded at throughout the day. The firm has a market cap of $3.93 billion, a PE ratio of 17.335 and a beta of 1.17.

The High Revenue estimate is predicted as 372240, while the Low Revenue Estimate prediction stands at 337800. Vale S.A.'s now has a PEG ratio of - where as its P/E ratio is 8.70.

Institutional investors now hold around $4.85 billion or 92.6% in FHN stock.

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Many analysts have provided their estimated foresights on First Horizon National Corporation Earnings, with 14 analysts believing the company would generate an Average Estimate of $0.31. The business had revenue of $337.00 million for the quarter, compared to the consensus estimate of $340.48 million. The financial services provider reported $0.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.02. Shareholders of record on Friday, June 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. First Horizon National's dividend payout ratio (DPR) is presently 32.14%. Of those transactions, there were 403,621 shares of FHN bought and 332,733 shares sold. The firm owned 23,037,903 shares of the company's stock after buying an additional 2,435,089 shares during the period. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William C. Losch III sold 45,107 shares of the business's stock in a transaction dated Wednesday, September 27th.

Investigating the productivity proportions of Ra Pharmaceuticals, Inc., (NASDAQ: RARX) stock, speculator will discover its ROE, ROA, ROI remaining at -49.8%, -45.6% and 18.2%, individually. The stock grabbed 33 new institutional investments totaling 5,178,026 shares while 42 institutional investors sold out their entire positions totaling 4,374,162 shares. The disclosure for this sale can be found here. (SBGI). The consensus rating is 1.7, indicating analysts in general look favorably on the company's future prospects. RARX institutional ownership is held at 83% while insider ownership was 22.53%.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of OH raised its stake in First Horizon National by 3.8% in the 3rd quarter.

On Monday, Vale S.A. (NYSE: VALE) has became attention seeker from the inquisitor when it experienced a change of 3.85% Whereas, in last 21 trading days was 10.33% and moved up in last 63 trading days of -0.53%. These shares are worth $104,893 and were traded at $19.25 each. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of First Horizon National by 133.8% in the third quarter. For the week, the stock is performing 9.57%. First Horizon National Corp had a return on equity of 8.73% and a net margin of 16.57%. The insider now directly owns 52,607 shares worth $1,066,344. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 22,843,440 shares of the stock are valued at $453.67 million. If you are reading this news story on another domain, it was stolen and reposted in violation of United States & global trademark & copyright law. The correct version of this piece can be read at https://www.truebluetribune.com/2017/12/05/first-horizon-nationals-fhn-equal-weight-rating-reaffirmed-at-barclays-2.html. Sell-side analyst recommendations point to a short term price target of $21.02 on the company shares.


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