Breaking Finance News

Piper Jaffray issued a report on Franklin Financial Network (NYSE:FSB), boosting its price target to $41.50 earlier today

Displaying a price of $35.00, Franklin Financial Network (NYSE:FSB) traded -1.07% lower on the day. With the last stock price close up 11.06% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $34.02 and a 200-day moving average of $33.41. 114,275 shares of FSB traded hands, up from an average trading volume of 84,316

Piper Jaffray bumped up the price target of Franklin Financial Network (NYSE:FSB) to $41.50 stating a potential upside of 0.19%.

Previously on Tuesday December 15, 2015, Compass Point released a statement for Franklin Financial Network (NYSE:FSB) bumped up the target price from $40.00 to $41.00. At the time, this suggested an upside of 0%.

See Chart Below

Franklin Financial Network (NYSE:FSB)

With a total market value of $0, Franklin Financial Network has price-earnings ratio of 16.72 with a one year low of $22.83 and a one year high of $38.00 .

Also covering Franklin Financial Network's price target, a total of 3 brokers have issued a research note on the company. The average stock price target is $37.00 with zero analysts rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.

General Information About Franklin Financial Network (NYSE:FSB)

Franklin Financial Network, Inc. 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 Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. It operates through approximately 10 branches in Williamson and Rutherford counties within the Nashville metropolitan area. The Company's loan portfolio consists of real estate loans, including construction and land development loans, commercial loans and residential loans; commercial and industrial, and consumer and other loans. The Company's investment securities portfolio consists of both securities classified as available-for-sale and securities classified as held-to-maturity. The Company's primary sources of funds include deposits.

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