The stock of Franklin Financial Network Inc (NYSE:FSB) reached all time high today, Nov, 25 and still has $38.58 target or 4.00% above today’s $37.10 share price. This indicates more upside for the $489.09M company. This technical setup was reported by Barchart.com. If the $38.58 PT is reached, the company will be worth $19.56M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 1.07% or $0.4 during the last trading session, hitting $37.1. About 114,275 shares traded hands. 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.
Analysts await Franklin Financial Network Inc (NYSE:FSB) to report earnings on January, 24. They expect $0.62 EPS, up 51.22% or $0.21 from last year’s $0.41 per share. FSB’s profit will be $8.17M for 14.96 P/E if the $0.62 EPS becomes a reality. After $0.62 actual EPS 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) rating on Tuesday, December 8. Compass Point has “Buy” rating and $40 price target. The firm has “Buy” rating given on Tuesday, December 15 by Compass Point. The stock has “Buy” rating given by Compass Point on Wednesday, October 28. As per Wednesday, June 29, the company rating was downgraded by Bank of America.
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, Inc. Announces Dates for Fourth Quarter 2015 …” published on October 27, 2015 as well as Quotes.Wsj.com‘s news article titled: “News Franklin Financial Network Inc.FSB” with publication date: February 18, 2011.
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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