The stock of Franklin Financial Network Inc (NYSE:FSB) hit a new 52-week high and has $39.53 target or 5.00% above today’s $37.65 share price. The 8 months bullish chart indicates low risk for the $479.74M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $39.53 price target is reached, the company will be worth $23.99 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 103,466 shares traded hands. Franklin Financial Network Inc (NYSE:FSB) has risen 25.29% since April 28, 2016 and is uptrending. It has outperformed by 19.37% the S&P500.
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 $7.90M for 15.18 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. Franklin Financial Network has been the topic of 5 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Compass Point maintained Franklin Financial Network Inc (NYSE:FSB) on Tuesday, December 8 with “Buy” rating. Bank of America downgraded the shares of FSB in a report on Wednesday, June 29 to “Neutral” rating. The company was maintained on Wednesday, October 28 by Compass Point. The firm has “Buy” rating by Compass Point given on Tuesday, December 15.
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 Close Of Public Offering And Full …” on November 21, 2016. More interesting news about Franklin Financial Network Inc (NYSE:FSB) were released by: Nasdaq.com and their article: “Zacks Industry Outlook Highlights: Franklin Financial Network, First Business …” published on December 01, 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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