First Horizon Stock Hits New 52-Week Low (FHN)

NEW YORK ( TheStreet) -- First Horizon National (NYSE: FHN) hit a new 52-week low Monday as it is currently trading at $5.88, below its previous 52-week low of $5.91 with 3.5 million shares traded as of 12:40 p.m. ET. Average volume has been 4.8 million shares over the past 30 days.

First Horizon has a market cap of $1.7 billion and is part of the financial sector and banking industry. Shares are down 49.4% year to date as of the close of trading on Friday.

First Horizon National Corporation operates as the holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. The company has a P/E ratio of 90.6, above the average banking industry P/E ratio of 53.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates First Horizon as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full First Horizon Ratings Report.

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