Franklin Financial Network Inc. (FSB): Jimmy E. Allen , director of Franklin Financial Network Inc. sold 5,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $32.50 per share for a total value of $162,500.00 , 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 26, 2016, Jimmy E. Allen (director) sold 5,000 shares at $31.90 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.
Shares of Franklin Financial Network Inc (FSB) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -0.64% at $31.16 with 49,355 shares getting traded. Post opening the session at $31.12, the shares hit an intraday low of $30.4 and an intraday high of $31.53 and the price vacillated in this range throughout the day. The company has a market cap of $331 M and the number of outstanding shares has been calculated to be 1,06,19,674 shares. The 52-week high of Franklin Financial Network Inc is $33.2591 and the 52-week low is $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.