Scorching Hot Financial Stocks Tape: First Horizon National (FHN), Drive Shack (DS)

Josh Kim
January 26, 2017

A number of hedge funds and other institutional investors have recently made changes to their positions in FHN. In the last Quarter, FHN reported a surprise Earnings per Share of -8%.

First Horizon National Corporation Gross Margin percentage stands at 0% while its Operating Margin for trailing twelve month is 87.8 percent and Profit margin (ttm) is 27 Percent. Raymond James & Associates now owns 24,879 shares of the financial services provider's stock valued at $343,000 after buying an additional 240 shares during the period.

January 24, 2017 - First Horizon National Corp. Sei Investments Co. now owns 9,315 shares of the financial services provider's stock valued at $129,000 after buying an additional 4,603 shares during the last quarter. Finally, IBM Retirement Fund raised its position in shares of First Horizon National Corporation by 1.5% in the second quarter.

First Horizon National Corporation has a 50 day moving average of 20.06 and a 200 day moving average of 16.70. The Next Year EPS growth is 17%, Long term annual growth estimate of 10.13%, Annual EPS growth past 5 years of 14.58 percent. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the US and overseas.

First Horizon National Corporation (NYSE:FHN) last released its quarterly earnings data on Friday, October 14th. The firm earned $319.60 million during the quarter, compared to analyst estimates of $330.89 million. First Horizon National Corporation had a net margin of 16.40% and a return on equity of 8.54%.

The share price of the company (NYSE:FHN) was up +3.05%, with a high of 19.97 during the day and the volume of First Horizon National Corporation shares traded was 3081762. We in no way are suggesting that readers make any decision on First Horizon National Corporation (NYSE:FHN) based on the information in this report. A dividend is a distribution of a portion of a company's earnings decided by its BOD (board of directors) specifically for its shareholders. The ex-dividend date of this dividend is Wednesday, December 7th. Cipher Capital LP purchased a new position in shares of First Horizon National Corporation during the second quarter valued at about $1,065,000. Jefferies Group LLC raised First Horizon National Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 28th. The consensus estimate for current quarter is $0.23 and for the current fiscal year, the estimate is $1.1. Equities research analysts anticipate that First Horizon National Corporation will post $1.12 EPS for the current year. Finally, Deutsche Bank AG increased their price target on First Horizon National Corporation from $15.50 to $19.00 and gave the company a "hold" rating in a report on Wednesday, November 30th. The forecast of 5 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The mean price target is calculated keeping in view the consensus of 15 analysts.

04/21/2015 - First Horizon National Corporation had its "buy" rating reiterated by analysts at SunTrust. They now have a Dollars 16 price target on the stock. Following the completion of the sale, the executive vice president now owns 272,586 shares of the company's stock, valued at approximately $4,361,376.

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