The stock of Franklin Financial Network Inc (NYSE:FSB) is a huge mover today! About 716,584 shares traded hands or 916.39% up from the average. Franklin Financial Network Inc (NYSE:FSB) has risen 31.83% since April 14, 2016 and is uptrending. It has outperformed by 27.14% the S&P500.
The move comes after 9 months negative chart setup for the $372.28M company. It was reported on Nov, 16 by Barchart.com. We have $30.06 PT which if reached, will make NYSE:FSB worth $37.23 million less.
Franklin Financial Network Inc (NYSE:FSB) Ratings Coverage
Out of 2 analysts covering Franklin Financial Network (NYSE:FSB), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Franklin Financial Network has been the topic of 4 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Compass Point maintained it with “Buy” rating and $35 target price in Wednesday, October 28 report. The rating was downgraded by Bank of America on Wednesday, June 29 to “Neutral”. The firm earned “Buy” rating on Tuesday, December 8 by Compass Point. The stock of Franklin Financial Network Inc (NYSE:FSB) has “Buy” rating given on Tuesday, December 15 by Compass Point.
According to Zacks Investment Research, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee.”
More notable recent Franklin Financial Network Inc (NYSE:FSB) news were published by: Prnewswire.com which released: “Franklin Financial Network Prices Upsized Public Offering Of Common Stock” on November 16, 2016, also Reuters.com with their article: “BRIEF-Franklin Financial Network begins underwritten offering of about $52…” published on November 15, 2016, Prnewswire.com published: “Franklin Financial Network Announces Public Offering Of Common Stock” on November 15, 2016. More interesting news about Franklin Financial Network Inc (NYSE:FSB) were released by: Prnewswire.com and their article: “Franklin Financial Network Announces Dates For Third Quarter 2016 Earnings …” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “Franklin Financial Network Announces Additions To Management Team” with publication date: June 21, 2016.
FSB Company Profile
Franklin Financial Network, Inc., incorporated on April 5, 2007, is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Firm focuses on the provision of service to small businesses, corporate entities, local governments and individuals. The Firm operates through approximately 10 branches in Williamson and Rutherford counties within the Nashville metropolitan area.
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