|Bid||24.15 x 900|
|Ask||0.00 x 1800|
|Day's Range||25.65 - 25.80|
|52 Week Range||24.13 - 25.80|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||15.64|
|Forward Dividend & Yield||1.55 (6.01%)|
|1y Target Est||N/A|
Yesterday, FedEx Logistics, a subsidiary of FedEx Corp., announced plans to move its global headquarters to the former Gibson Guitar Factory building in 2020, joining the likes of some of the area’s largest locally based public companies. To read more on FedEx Logistics and plans for the area, click here, here, or here. This news comes almost exactly a year after home services provider, ServiceMaster Global Holdings relocated its first group of employees from East Memphis to the newly renovated One ServiceMaster Center, formerly the Peabody Place mall.
As previously indicated by its CFO, First Horizon is gearing up for more share buybacks. Memphis-based First Horizon National Corp. announced Tuesday, Jan. 29, that the company’s board of directors had amended the common share purchase program, thus providing First Horizon an additional $250 million to use for buybacks. As part of that board action, the share purchase program was also extended by a year, now set to expire Jan. 31, 2021.
First Horizon has added to its board of directors. The Memphis-based financial services company elected Kenneth Burdick, CEO of WellCare Health Plans Inc., and Wendy Davidson, president of U.S. Specialty Channels for Kellogg Co., to its board, effective Jan. 28. “Kenneth’s executive leadership experience in a highly regulated industry, as well as Wendy’s marketing, sales, and e-commerce expertise will be extremely valuable as we continue to deliver on our organization’s strategic priorities and position First Horizon for future success,” said Bryan Jordan, chairman of the board and president and CEO of First Horizon National Corp., in a release.
# First Horizon National Corp ### NYSE:FHN View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate ## Bearish sentiment Short interest | Neutral Short interest is moderate for FHN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FHN totaled $3.74 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Starting with financial reporting after January 2017, the SEC requires public companies to disclose their CEO-to-median employee pay ratio.
“Transformative” is how the leader of First Horizon described the company’s 2018. Memphis-based First Horizon National Corp. hosted its fourth quarter and full-year 2018 results Friday, Jan. 18, with reported earnings per share of $1.65 for 2018, compared to $0.65 in 2017. When asked about his biggest takeaway in a post-earnings interview with the Memphis Business Journal, William “BJ” Losch III, executive vice president and chief financial officer for First Horizon, said he was incredibly proud of what the company did in 2018 in the midst of “what was probably our largest merger in history.” "With everything that goes along with that, to do it well, to do it effectively, to assimilate customers and employees, and to have earnings per share on an adjusted basis up 26 percent, that is pretty darn good,” Losch said.
From call center section manager to vice president, Josh Folds has filled several roles during his 25-year career in the financial services industry. Capital Bank is a division of First Tennessee Bank, which is owned by First Horizon National Corp. (NYSE: FHN). Jeff Jackson, the bank's Florida market president, said Folds' extensive experience will help the bank provide first-class customer service and help Capital Bank expand its footprint in the tri-county area.
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was First Horizon National Corporation (NYSE:FHN). First Horizon National Corporation (NYSE:FHN) […]
Graduates of US colleges know what it means to be alumni: A steady flow of beseeching mail seeking donations, and the occasional homecoming football game. But what does it mean to be an alum of a company? For a small but increasing number of professionals, it means being part of a network of former employees…
Public records also show that the developers have received a $15 million construction loan from First Tennessee Bank, which also holds the naming rights for the neighboring Sounds ballpark.
First Horizon has realigned part of its executive leadership to “advance strategic objectives.” The Memphis-based financial services provider and parent company to First Tennessee, Capital Bank, FTB Advisors and FTN Financial businesses announced Todd Jones and Tammy LoCascio will shift their roles within the company. “These appointments and realignment streamline decision-making and position the bank to continue delivering operational excellence while enhancing the customer experience,” said David Popwell, president of banking for First Horizon, in a release.
First Horizon National – the $40.6 billion-asset parent of both the Capital Bank and First Tennessee Bank brands – is plotting growth in the Triangle.
Capital Bank is the latest financial institution to target the downtown Raleigh skyline. The bank, recently acquired by First Tennessee parent First Horizon National Corporation, just announced its Raleigh headquarters is moving to the 10-story One Glenwood tower. The Tennessee bank plans to lease the seventh and eighth floors, at more than 50,000 square feet.
Capital Bank is moving its executive team in Charlotte to new offices at Two Piedmont Town Center in SouthPark. The new office will house commercial, retail, private and business banking services. “This larger office affords us room to grow, while still maintaining our focus of providing the resources of a regional bank with a local, community feel," says Larry Hughes, Charlotte market president.
With a focus on execution and plans for future share buybacks, First Horizon executives are confident in the company's position. “In the last decade, our company has not been stronger than it is today," said William “BJ” Losch III, executive vice president and chief financial officer for First Horizon National Corp., in a recent post-earnings interview with the Memphis Business Journal. The $0.83 was positively impacted by the previously announced sale of First Horizon’s Visa Class B Shares, which had a $212.9 million gain.
'You basically have an engineering degree when you graduate [from West Point]. It’s an engineering, problem-solving method, and I love applying that to business.'