Franklin Financial Network Inc (FSB) was Reiterated by Compass Point to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 44 from a previous price target of $41 . Compass Point advised their investors in a research report released on Apr 27, 2016.
Franklin Financial Network Inc opened for trading at $27.53 and hit $28.3 on the upside on Friday, eventually ending the session at $28.17, with a gain of 2.44% or 0.67 points. The heightened volatility saw the trading volume jump to 21,888 shares. Company has a market cap of $298 M.
In a different news, on May 20, 2015, Henry W. Jr. Brockman (director) purchased 6,500 shares at $20.84 per share price. According to the SEC, on Mar 30, 2015, Melody J. Sullivan (director) purchased 3,500 shares at $21.00 per share price. On Mar 30, 2015, David J. Mcdaniel (officer ) purchased 3,000 shares at $21.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Franklin Financial Network Inc. is a bank holding company. Through its wholly owned banking subsidiary Franklin Synergy Bank the Company provides a range of banking and related financial services with a focus on service to small businesses corporate entities local Governments and individuals. The Company operates across Williamson and Rutherford Counties within the Nashville metropolitan area. The Bank operates as a financial institution providing a line of financial products including commercial banking consumer banking and mortgage loans. The Bank offers retirement planning financial planning investment services and insurance products through its financial services department. It offers a range of financial services including credit savings and transactions to local consumers. Its loan portfolio consists of real estate loans including residential construction and land development and commercial loans; commercial and industrial loans and consumer and other loans.