Analyst action: Avenue, Franklin Financial

Analysts at Wunderlich Securities have started covering the shares of newly public local bank holding company Franklin Financial Network and Avenue Financial Holdings. The firm has given Franklin Financial a 'buy' rating and price target of $28 — up from the stock's current level (Ticker: FSB) of about $22 — but stopped at 'hold' for Avenue. The latter (Ticker: AVNU) is seen climbing to $13.50 from the $11.55 at which it closed last Friday.

Jun 22, 2015 2:26 PM

Community Healthcare Trust finalizes credit line

$75M facility could more than double; execs past halfway in 35-site acquisition spree
Jun 5, 2015 7:08 AM

Franklin Financial adds to board

Rutherford real estate exec, former MidSouth director will come up for vote next year
May 4, 2015 10:02 AM

Franklin Synergy recruits CapStar team to launch health care group

CapStar chief credit officer tapped to take over bank's unit
Apr 27, 2015 1:04 PM

Tractor Supply, Franklin Financial up on Q1 reports

Retailer's same-store number nears 6%, bank adds $88M in loans
Apr 23, 2015 12:19 PM

Franklin Synergy plans Nolensville office

Former Reliant branch manager makes move to newly public lender
Apr 21, 2015 10:20 AM

BofA analysts: Franklin Financial set for strong loan growth, 30% stock gains

Analysts at Bank of America Merrill Lynch say newly public Franklin Financial Network can crank out annual loan growth of more than 35 percent both this year and next and set the stage for a 20 percent rise in its shares. Launching coverage of the bank holding company with a 'buy' rating and $27 target, the analysts say "the market is overly discounting execution risk at FSB. We expect the relative valuation gap versus peers to narrow as investors gain confidence in management's ability to deliver on its loan growth targets while improving the return profile."

Franklin Financial shares (Ticker: FSB) have traded in a remarkably narrow range since going public four weeks ago and have not yet closed above their $21 IPO price.

Apr 21, 2015 6:50 AM

Franklin Financial churns near IPO price on first day

Shares of Franklin Financial Network didn't rise or fall much Thursday on their first day of trading on the New York Stock Exchange. After ticking up a bit from their $21 IPO price in the first 15 minutes of action, the stock (Ticker: FSB) dipped to $20.75 before working its way back up. Interestingly, the $21 level served as a hard cap for traders, who consistently stopped bidding up the stock right at $20.99. Heading into the last half hour of trading, more than 870,000 shares had changed hands.


CEO Richard Herrington outside the New York Stock Exchange this morning. (Photo: NYSE Twitter)

Mar 26, 2015 2:43 PM

Franklin Financial IPO adds shares, trims price

Bank holding company to begin trading on NYSE this morning
Mar 26, 2015 6:54 AM

Franklin Financial IPO grows significantly

NYSE officials approve listing plans
Mar 16, 2015 7:15 AM