On Thursday, Shares of First Horizon National Corp (NYSE:FHN) lost -2.76% to $17.61. The share price is trading in a range of $17.43 – 18.00. The stock exchanged hands with 6.43 million shares contrast to its average daily volume of 2.85 million shares.
Progress toward long-term “bonefish” financial aims continued in the first quarter at First Horizon National Corp. (FHN). Net interest income, deposits and loans were up significantly year over year, with strong performance in growth markets and commercial loans, particularly specialty banking areas. Credit quality reflected continued excellent underwriting discipline. With revenue stable and expenses down, the efficiency ratio improved from the same period last year. The company raised its quarterly common dividend by 29 percent during the quarter and closed its acquisition of Coastal Securities on April 3, just after the quarter ended.
“I am happy with the continued progress we made in the first quarter toward our long-term profitability aims,” said Bryan Jordan, First Horizon’s chairman and CEO. “Loan pipelines and commitments remain strong as our bankers focus on quality opportunities, credit quality remains excellent, our relationships with current and new customers continue to grow, and the closing of the Coastal acquisition adds talented people, new products and new customers to enhance our fixed income business. I am happy to report continued execution of our key planned priorities.”
First Horizon National Corp (NYSE:FHN) have shown a high EPS growth of 15.00% in the last 5 years and has earnings growth of 15.10% yoy. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -15.12% below its 52-week highs and is down -4.40% for the last five trades.
Shares of American Electric Power Company Inc (NYSE:AEP) declined -0.37% to $67.54. The share price of the stock surged 6.70% for the year.
Analysts give AEP a mean recommendation of 2.20. The company has grown 7.71% in past 3 months and in the last five trades has moved down -0.12%. The stock has earnings growth of 83.30% yoy and showed a low EPS growth of -17.40% over the past five years. The stock’s price moved up its 200-day moving average of $63.53. The stock is presently trading up its SMA-50 of $66.75.
