First Horizon Stock Falls On Unusually High Volume (FHN)

NEW YORK ( TheStreet) -- First Horizon National (NYSE: FHN) is trading at unusually high volume Thursday with 23.1 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 78 cents (-7.8%) at $9.18 as of 4 p.m. ET.

First Horizon has a market cap of $2.52 billion and is part of the financial sector and banking industry. Shares are up 24.5% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 20.2, below the average banking industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

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, compelling growth in net income and expanding profit margins. 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. You can view the full First Horizon Ratings Report.

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