Franklin Financial Network Inc (NYSE:FSB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “

Several other research firms have also recently issued reports on FSB. Stephens upgraded Franklin Financial Network from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 21st. Piper Jaffray Companies assumed coverage on Franklin Financial Network in a research report on Tuesday, November 22nd. They set an “overweight” rating and a $41.50 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.88.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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Shares of Franklin Financial Network (NYSE:FSB) traded down 0.91% during trading on Monday, reaching $38.15. The company’s stock had a trading volume of 26,550 shares. Franklin Financial Network has a 12-month low of $24.80 and a 12-month high of $42.80. The stock has a market cap of $497.32 million, a price-to-earnings ratio of 15.76 and a beta of 1.64. The company has a 50 day moving average of $38.60 and a 200-day moving average of $37.49.

Franklin Financial Network (NYSE:FSB) last released its earnings results on Tuesday, January 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Franklin Financial Network had a return on equity of 13.59% and a net margin of 23.85%. Analysts forecast that Franklin Financial Network will post $2.55 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in FSB. Russell Investments Group Ltd. purchased a new position in shares of Franklin Financial Network during the fourth quarter worth approximately $1,869,000. Eagle Global Advisors LLC purchased a new position in shares of Franklin Financial Network during the third quarter worth approximately $436,000. Spark Investment Management LLC raised its position in shares of Franklin Financial Network by 41.6% in the third quarter. Spark Investment Management LLC now owns 21,100 shares of the financial services provider’s stock worth $789,000 after buying an additional 6,200 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Franklin Financial Network during the third quarter worth approximately $1,048,000. Finally, Diversified Trust Co purchased a new position in shares of Franklin Financial Network during the third quarter worth approximately $328,000. Hedge funds and other institutional investors own 42.42% of the company’s stock.

Franklin Financial Network Company Profile

Franklin Financial Network, Inc is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals.

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