Franklin Financial Network, Inc. (NYSE: FSB) stock identified change of 12.22% away from 52-week low price and recently located move of -31.73% off 52-week high price. It has market worth of $409.65M and dividend yield of 0.56%. FSB stock has been recorded 0.68% away from 50 day moving average and -2.90% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.66% off 20-day moving average.
Franklin Financial Network, Inc. (the “Company”) (NYSE: FSB), the parent company of Franklin Synergy Bank (the “Bank”), announced today that J. Myers Jones, III has been named Chief Executive Officer of the Company and Bank, effective August 28, 2019. Mr. Jones has been with the Bank since 2009, serving as its Chief Credit Officer and, since March 2019, as Interim Chief Executive Officer. Mr. Jones has over 40 years of experience in banking.
Additionally, the Company announced that Lee M. Moss has been named President of Franklin Financial Network, a title he also holds with the Bank.
“The Board is thrilled to remove the interim label from Myers Jones and Lee Moss,” said James W. Cross, IV, Chairman of the Company and Bank. “After six months of searching and deliberation, we are confident we have made the best decision for all of our stakeholders. They will continue to provide strong leadership and continuity as the Board moves forward with our ongoing succession planning process.”
In addition to Mr. Jones and Mr. Moss, the Company announced it has signed new three-year employment agreements with other members of its Executive Management Team, including veteran bankers Christopher J. Black, Chief Financial Officer; David J. McDaniel, IV, Chief Lending Officer; Eddie A. Maynard, Jr., Chief Credit Officer; Terry R. Howell, Corporate Risk Officer and Interim Chief Operating Officer; and Ashley P. Hill, III, Chief Banking Officer.
Commenting on his newly appointed position as Chief Executive Officer, Jones noted, “This management team is one of the best with whom I have worked in my career. The expertise and leadership this group provides to our organization is invaluable. I’m proud of the team we have assembled and am confident our investors, customers, and community will recognize our commitment to ensuring the success of the Company, as demonstrated through the execution of our strategic growth and profitability initiatives.”
The Financial sector company, Franklin Financial Network noticed change of -2.07% to $28.33 along volume of 55264 shares in recent session compared to an average volume of 61.61K. The stock observed return of -0.49% in 5 days trading activity. The stock was at -1.25% over one month performance. FSB’s shares are at 3.77% for the quarter and driving a -26.89% return over the course of the past year and is now at 7.43% since this point in 2018. The average volatility for the week at 2.39% and for month was at 2.07%. There are 14.46M shares outstanding and 13.45M shares are floated in market. Right now the stock beta is 1.25.
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