Franklin Financial Network Inc (FSB) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 29, 2016.
Many Wall Street Analysts have commented on Franklin Financial Network Inc. Company shares were Reiterated by Compass Point on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .
Franklin Financial Network Inc closed down -0.73 points or -2.25% at $31.68 with 1,08,394 shares getting traded on Monday. Post opening the session at $32.41, the shares hit an intraday low of $31.27 and an intraday high of $32.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 17, 2016, Henry W. Jr. Brockman (director) sold 1,500 shares at $31.45 per share price. According to the SEC, on Jun 10, 2016, David J. Mcdaniel (officer ) sold 2,000 shares at $32.00 per share price. On Jun 7, 2016, Jimmy E. Allen (director) sold 5,000 shares at $32.50 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.