First Horizon National Corp (FHN): Today's Featured Financial Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

First Horizon National ( FHN) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day down 0.1%. By the end of trading, First Horizon National rose 23 cents (2.5%) to $9.27 on average volume. Throughout the day, 3.7 million shares of First Horizon National exchanged hands as compared to its average daily volume of 4.2 million shares. The stock ranged in a price between $9.05-$9.34 after having opened the day at $9.07 as compared to the previous trading day's close of $9.04. Other companies within the Financial sector that increased today were: Jefferies Group ( JEF), up 14%, Consumer Portfolio Services ( CPSS), up 14%, CreXus Investment ( CXS), up 12%, and Farmers Capital Bank Corporation ( FFKT), up 10.9%.
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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 $2.24 billion and is part of the banking industry. The company has a P/E ratio of -90, below the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Friday. Currently there are eight analysts that rate First Horizon National a buy, two analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates First Horizon National as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, deteriorating net income and feeble growth in the company's earnings per share.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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