First Horizon (FHN) is Upgraded by Hovde Group to Outperform, Raises Price Target to $16.25

First Horizon (FHN) is Upgraded by Hovde Group to Outperform according to the research report released to the investors. The brokerage firm has raised the Price Target to $16.25 from a previous price target of $15 . Earlier the firm had a rating of Market Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

First Horizon National Corporation is up 2.61% in the last 3-month period. Year-to-Date the stock performance stands at 8.68%.

First Horizon National Corporation (NYSE:FHN) has lost 1.22% during the past week and dropped 2.48% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.4%. First Horizon National Corporation (NYSE:FHN) has underperformed the index by 0.21% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of First Horizon National Corporation (NYSE:FHN) ended Thursday session in red amid volatile trading. The shares closed down 0.19 points or 1.29% at $14.52 with 1,361,526 shares getting traded. Post opening the session at $14.62, the shares hit an intraday low of $14.51 and an intraday high of $14.73 and the price vacillated in this range throughout the day. The company has a market cap of $3,401 million and the number of outstanding shares have been calculated to be 234,237,440 shares. The 52-week high of First Horizon National Corporation (NYSE:FHN) is $16.345 and the 52-week low is $11.97.

Currently the company Insiders own 2.15% of First Horizon National Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.98% . Institutional Investors own 81.14% of First Horizon National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.48%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Palmer Vicki R, director of First Horizon National Corp, had unloaded 5,579 shares at an average price of $15.3 in a transaction dated on November 9, 2015. The total value of the transaction was worth $85,359.

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), and its subsidiaries. The Companys two brands First Tennessee and FTN Financial provide customers with a range of products and services. First Tennessee provides retail and commercial banking services throughout Tennessee. FTN Financial (FTNF) is engaged in fixed income sales, trading, and strategies for institutional clients in the United States and abroad. FHN has four operating business segments: regional banking, capital markets, corporate, and non-strategic. As of December 31, 2011, the Bank had $16.4 billion in total deposits and $16 billion in total net loans.