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

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 Banking industry lower today making it today's featured Banking laggard. The industry as a whole was unchanged today. By the end of trading, First Horizon National fell 10 cents (-1.1%) to $9.46 on heavy volume. Throughout the day, 7.2 million shares of First Horizon National exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in price between $9.44-$9.61 after having opened the day at $9.59 as compared to the previous trading day's close of $9.56. Other companies within the Banking industry that declined today were: First Financial Service Corporation ( FFKY), down 25.3%, Old Second Bancorp ( OSBC), down 15.1%, Broadway Financial ( BYFC), down 7.9%, and Magyar Bancorp ( MGYR), down 7.5%.
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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 $2.37 billion and is part of the financial sector. Shares are up 19.8% year to date as of the close of trading on Thursday. Currently there are seven 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Oak Ridge Financial Services ( BKOR), up 26.3%, Greene County Bancorp ( GCBC), up 9.3%, BNC Bancorp ( BNCN), up 9.2%, and Credit Suisse ( DSLV), up 6.5%, were all gainers within the banking industry with PNC Financial Services Group ( PNC) 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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