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

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 lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, First Horizon National fell $0.17 (-1.4%) to $11.75 on light volume. Throughout the day, 2,078,028 shares of First Horizon National exchanged hands as compared to its average daily volume of 4,081,800 shares. The stock ranged in price between $11.70-$11.99 after having opened the day at $11.96 as compared to the previous trading day's close of $11.92. Other companies within the Financial sector that declined today were: DFC Global ( DLLR), down 28.9%, Credit Suisse ( DSLV), down 11.6%, Paulson Capital ( PLCC), down 10.6% and Homex Development ( HXM), down 9.4%.

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 $2.8 billion and is part of the banking industry. Shares are up 18.9% year to date as of the close of trading on Thursday. 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 buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Vestin Realty Mortgage I ( VRTA), up 20.1%, Institutional Financial Markets ( IFMI), up 13.4%, Independent Bank Corp (Ionia MI ( IBCP), up 13.0% and Elbit Imaging ( EMITF), up 12.7% , were all gainers within the financial sector with Prologis ( PLD) being today's featured financial sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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