First Horizon National ( FHN) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.8%. By the end of trading, First Horizon National rose 15 cents (2.1%) to $7.23 on heavy volume. Throughout the day, 9.1 million shares of First Horizon National exchanged hands as compared to its average daily volume of 5.3 million shares. The stock ranged in a price between $7.06-$7.27 after having opened the day at $7.07 as compared to the previous trading day's close of $7.08. Other companies within the Banking industry that increased today were: Village Bank and Trust Financial Corporatio ( VBFC), up 21.2%, Camco Financial ( CAFI), up 15%, Bank of the Carolinas ( BCAR), up 13.3%, and Fidelity Bancorp Inc ( FSBI), up 9.7%. 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. First Horizon National has a market cap of $1.88 billion and is part of the financial sector. The company has a P/E ratio of 59.5, above the average banking industry P/E ratio of 42.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 39.9% year to date as of the close of trading on Wednesday. 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, expanding profit margins 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 weak operating cash flow.
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