First Horizon Stock Falls On Unusually High Volume (FHN)

NEW YORK ( TheStreet) -- First Horizon National (NYSE: FHN) is trading at unusually high volume Friday with 20.8 million shares changing hands. It is currently at four times its average daily volume and trading down 42 cents (-4.9%) at $8.13 as of 2:55 p.m. ET.

First Horizon has a market cap of $2.24 billion and is part of the financial sector and banking industry. Shares are up 6.9% year to date as of the close of trading on Thursday.

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 18.9, below the average banking industry P/E ratio of 19.3 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 revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full First Horizon Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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