First Horizon National

(

FHN

) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.1%. By the end of trading, First Horizon National fell 10 cents (-1.1%) to $8.61 on average volume. Throughout the day, 5.3 million shares of First Horizon National exchanged hands as compared to its average daily volume of 5.8 million shares. The stock ranged in price between $8.48-$8.71 after having opened the day at $8.64 as compared to the previous trading day's close of $8.71. Other company's within the Banking industry that declined today were:

Village Bank and Trust Financial Corporatio

(

VBFC

), down 15%,

New Century Bancorp

(

NCBC

), down 10.4%,

Atlantic Coast Financial

(

ACFC

), down 9.5%, and

Central Federal

(

CFBK

), down 8.5%.

First Horizon National Corporation operates as a bank holding company for First Tennessee Bank National Association that provides various financial services. It offers general banking services for consumers, businesses, financial institutions, and governments. First Horizon National has a market cap of $2.15 billion and is part of the

financial

sector. The company has a P/E ratio of 18.1, below the average banking industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate First Horizon National a buy, two analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates First Horizon National as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income.

On the positive front,

Green Bankshares

(

GRNB

), up 9.1%,

Credit Suisse

(

DWTI

), up 8.4%,

Yadkin Valley Financial Corporation

(

YAVY

), up 6.6%, and

First United

(

FUNC

), up 6.4%, were all gainers within the banking industry with

Bank of America Corporation

(

BAC

) being today's featured banking industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider

KBW Bank ETF

(

KBE

) while those bearish on the banking industry could consider

ProShares Short KBW Regional Bankng

(

KRS

).

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