Noteworthy Price Action: What’s Propelling Franklin Financial Network Inc to Increase So Much?

Noteworthy Price Action: What's Propelling Franklin Financial Network Inc to Increase So Much?

The stock of Franklin Financial Network Inc (NYSE:FSB) is a huge mover today! The stock increased 3.73% or $1.35 on November 23, hitting $37.5. About 160,752 shares traded hands or 44.41% up from the average. Franklin Financial Network Inc (NYSE:FSB) has risen 33.12% since April 22, 2016 and is uptrending. It has outperformed by 27.71% the S&P500.
The move comes after 8 months positive chart setup for the $492.22M company. It was reported on Nov, 24 by Barchart.com. We have $39.38 PT which if reached, will make NYSE:FSB worth $24.61 million more.

Analysts await Franklin Financial Network Inc (NYSE:FSB) to report earnings on January, 24. They expect $0.62 earnings per share, up 51.22% or $0.21 from last year’s $0.41 per share. FSB’s profit will be $8.14M for 15.12 P/E if the $0.62 EPS becomes a reality. After $0.62 actual earnings per share reported by Franklin Financial Network Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Franklin Financial Network Inc (NYSE:FSB) Ratings Coverage

Out of 3 analysts covering Franklin Financial Network (NYSE:FSB), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $41.50 is the highest target while $35 is the lowest. The $41.25 average target is 10.00% above today’s ($37.5) stock price. Franklin Financial Network has been the topic of 5 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, December 15 by Compass Point. The stock of Franklin Financial Network Inc (NYSE:FSB) has “Neutral” rating given on Wednesday, June 29 by Bank of America. Compass Point maintained Franklin Financial Network Inc (NYSE:FSB) rating on Wednesday, October 28. Compass Point has “Buy” rating and $35 price target. The firm has “Buy” rating by Compass Point given on Tuesday, December 8.

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 Announces Public Offering Of Common Stock” on November 15, 2016, also Marketwatch.com with their article: “Franklin Financial Network initiated at outperform, $40 target price at …” published on June 28, 2012, Prnewswire.com published: “Franklin Financial Network Announces Additions To Management Team” on June 21, 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 Prices Upsized Public Offering Of Common Stock” with publication date: November 16, 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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