First Horizon National Corp (FHN): Today's Featured Banking Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.3%. By the end of trading, First Horizon National rose 19 cents (2.3%) to $8.61 on average volume. Throughout the day, 4.3 million shares of First Horizon National exchanged hands as compared to its average daily volume of 5.6 million shares. The stock ranged in a price between $8.55-$8.70 after having opened the day at $8.70 as compared to the previous trading day's close of $8.42. Other companies within the Banking industry that increased today were:
(
), up 15.7%,
(
), up 15.4%,
(
), up 11.8%, and
(
), up 7.9%.
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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 $2.14 billion and is part of the
sector. The company has a P/E ratio of 25.2, above the average banking industry P/E ratio of 22.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Friday. Currently there are nine analysts that rate First Horizon National a buy, two analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates First Horizon National as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full First Horizon Ratings Report.
On the negative front,
(
), down 9.7%,
Bank VA Chesterfield
(
BOVA
), down 8.9%,
(
), down 7.9%, and
(
), down 7.7%, were all laggards within the banking industry with
(
) being today's banking industry laggard.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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