Franklin Financial Network Inc. (FSB): Jimmy E. Allen , director of Franklin Financial Network Inc. sold 5,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $31.90 per share for a total value of $159,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Jimmy E. Allen (director) sold 5,000 shares at $30.60 per share price.On May 16, 2016, Kevin A. Herrington (officer ) sold 3,500 shares at $30.09 per share price.Also, On May 16, 2016, Henry W. Jr. Brockman (director) sold 5,000 shares at $30.08 per share price.On Mar 30, 2015, Melody J. Sullivan (director) purchased 3,500 shares at $21.00 per share price.
Franklin Financial Network Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Franklin Financial Network Inc which led to swings in the share price. The shares opened for trading at $31 and hit $32 on the upside , eventually ending the session at $31.99, with a gain of 3.16% or 0.98 points. The heightened volatility saw the trading volume jump to 70,478 shares. The 52-week high of the share price is $33.2591 and the company has a market cap of $340 M . The 52-week low of the share price is at $21.38.
Company has been under the radar of several Street Analysts.Franklin Financial Network Inc is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $41 .The Rating was issued on Apr 27, 2016.
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.