Revenue Update on Franklin Financial Network Inc(NYSE:FSB)

Franklin Financial Network Inc(NYSE:FSB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $24.56M. Analysts estimated a revenue of $19.61M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.58.

Franklin Financial Network Inc (FSB) made into the market gainers list on Fridays trading session with the shares advancing 0.83% or 0.28 points. Due to strong positive momentum, the stock ended at $33.88, which is also near the day’s high of $34.1. The stock began the session at $33.71 and the volume stood at 92,113 shares. The 52-week high of the shares is $34.405 and the 52 week low is $21.5. The company has a current market capitalization of $360 M and it has 1,06,19,674 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Henry W. Jr. Brockman (director) sold 1,500 shares at $31.45 per share price.Also, 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.

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