Keefe Bruyette Upgrades Franklin Bank (FBTX) to Market Perform
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- Keefe Bruyette Upgrades Franklin Bank (FBTX) to Market Perform
Keefe Bruyette & Woods upgrades Franklin Bank (Nasdaq: FBTX) from Underperform to Market Perform, with a $4.25 price target.
The firm said the upgrade was strictly due to valuation and said it still remains concerned about exposure to large residential construction impacting the Company's balance sheet negatively.
Franklin Bank Corp. operates as the bank holding company for Franklin Bank, S.S.B., a savings bank that provides community banking products and services, and commercial banking services to corporations and other business clients, and originates single family residential mortgage loans primarily in Texas.
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