First Horizon National Corp (FHN): Today's Featured Banking Laggard

First Horizon National ( FHN) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, First Horizon National fell 14 cents (-1.6%) to $8.33 on light volume. Throughout the day, 4.1 million shares of First Horizon National exchanged hands as compared to its average daily volume of 5.7 million shares. The stock ranged in price between $8.32-$8.49 after having opened the day at $8.42 as compared to the previous trading day's close of $8.47. Other companies within the Banking industry that declined today were: Central Federal ( CFBK), down 17.9%, Malvern Federal Bancorp ( MLVF), down 7.8%, Ohio Legacy Corporation ( OLCB), down 7%, and United Community Bancorp ( UCBA), down 6.9%.

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. First Horizon National has a market cap of $2.12 billion and is part of the financial sector. The company has a P/E ratio of 17.9, below the average banking industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate First Horizon National a buy, two analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates First Horizon National as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, Royal Bancshares of Pennsylvania ( RBPAA), up 16.2%, Summit Financial Group ( SMMF), up 11.1%, Southwest Bancorp ( OKSB), up 10.8%, and First ( FBMS), up 10.6%, were all gainers within the banking industry with SunTrust Banks ( STI) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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