The stock of Franklin Financial Network Inc (NYSE:FSB) hit a new 52-week high and has $39.80 target or 6.00% above today’s $37.55 share price. The 8 months bullish chart indicates low risk for the $495.02M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $39.80 price target is reached, the company will be worth $29.70M 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 29,453 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 15.14 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. As per Wednesday, June 29, the company rating was downgraded by Bank of America. The firm has “Buy” rating given on Tuesday, December 15 by Compass Point. The firm has “Buy” rating by Compass Point given on Tuesday, December 8. The stock of Franklin Financial Network Inc (NYSE:FSB) has “Buy” rating given on Wednesday, October 28 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 Announces Public Offering Of Common Stock” on November 15, 2016, also Prnewswire.com with their article: “Franklin Financial Network Announces Close Of Public Offering And Full …” published on November 21, 2016, Marketwatch.com published: “Franklin Financial Network initiated at outperform, $40 target price at …” on June 28, 2012. More interesting news about Franklin Financial Network Inc (NYSE:FSB) were released by: Prnewswire.com and their article: “Franklin Financial Network Announces Additions To Management Team” published on June 21, 2016 as well as Prnewswire.com‘s news article titled: “Franklin Financial Network, Inc. Announces Dates for Fourth Quarter 2015 …” with publication date: October 27, 2015.
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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