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.

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