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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.5%. By the end of trading, First Horizon National rose $0.18 (1.5%) to $12.55 on average volume. Throughout the day, 3,393,417 shares of First Horizon National exchanged hands as compared to its average daily volume of 4,124,700 shares. The stock ranged in a price between $12.39-$12.57 after having opened the day at $12.42 as compared to the previous trading day's close of $12.37. Other companies within the Financial sector that increased today were: MicroFinancial ( MFI), up 9.3%, Riverview Bancorp ( RVSB), up 8.0%, Credit Suisse ( DWTI), up 6.0% and Plumas Bancorp ( PLBC), up 5.9%.

First Horizon National Corporation operates as a bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally. First Horizon National has a market cap of $3.0 billion and is part of the banking industry. Shares are up 24.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate First Horizon National a buy, 3 analysts rate it a sell, and 8 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, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the negative front, Pathfinder Bancorp ( PBHC), down 12.0%, Hatteras Financial Corporation ( HTS), down 10.8%, Bank Bradesco ( BBDO), down 9.5% and Village Bank and Trust Financial Corporatio ( VBFC), down 9.3% , were all laggards within the financial sector with Health Care REIT ( HCN) being today's financial sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null