Dropping The 52 Week Low, Franklin Financial Network Inc (NYSE:FSB) Finishing At $29.20

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Franklin Financial Network Inc (NYSE:FSB)

December 7th, 2018

Amidst falling markets Franklin Financial Network Inc finished Friday’s trading session down 1.08%, a $0.32 decrease to close on $29.20. As well as the drop in value, Franklin Financial Network Inc hit a new 52 week low of $28.73, breaking the previous low of $29.00 from earlier this month. Despite the drop in value, trading volumes were solid at 236% of normal which can indicate investor opportunities.

FSB outperformed the rest of the Financials sector which went down only 1.84% today.

Results from 5 analysts suggest that Franklin Financial Network Inc might go up significantly (23%), while Finbox has calculated (with very high uncertainty) a fair value price of $32.43.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 9.38%. The biggest loss this year has been the Materials sector falling 15%.

Utilities saw the biggest turnaround from its 5-day performance of 2.89%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 1.28% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.64% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.51% change.
  • Materials went down with a -2.54% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

Franklin Financial Network Inc Info

Franklin Financial Network, Inc. operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company’s deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts. The company also provides consumer lending solutions, including first mortgage real estate loans, home equity loans, and other personal loans; small business administration, and commercial and industrial loans; and single-family residential mortgage loans and construction loans for residential and commercial purposes. In addition, it offers wealth management/trust services; and retirement planning, financial planning, investment services, and insurance products. The company operates through 13 branches and a loan production office in the Williamson, Rutherford, and Davidson counties in the Nashville metropolitan area. Franklin Financial Network, Inc. was founded in 2007 and is headquartered in Franklin, Tennessee.

All amounts in USD unless otherwise indicated

FSB daily update
FSB daily update

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