First Horizon National Corp (FHN): Today's Featured Banking 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 Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.3%. By the end of trading, First Horizon National rose $0.15 (1.2%) to $12.56 on light volume. Throughout the day, 2,070,009 shares of First Horizon National exchanged hands as compared to its average daily volume of 2,978,700 shares. The stock ranged in a price between $12.36-$12.60 after having opened the day at $12.38 as compared to the previous trading day's close of $12.41. Other companies within the Banking industry that increased today were: WVS Financial ( WVFC), up 6.5%, OptimumBank Holdings ( OPHC), up 6.0%, First United ( FUNC), up 4.0% and Banco Bilbao Vizcaya Argentaria ( BBVA), up 3.5%.

First Horizon National Corporation operates as the 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 financial sector. Shares are up 6.5% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates First Horizon National a buy, 3 analysts rate it a sell, and 12 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 impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, good cash flow from operations and notable return on equity. 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 negative front, United Community Bancorp ( UCBA), down 5.3%, QC Holdings ( QCCO), down 5.2%, First West Virginia Bancorp ( FWV), down 4.2% and National Bank of Greece ( NBG), down 3.8% , were all laggards within the banking industry with Citigroup ( C) being today's banking industry laggard.

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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