Franklin Financial Network, Inc. (NYSE:FSB) Set to Announce Earnings on Monday
Franklin Financial Network, Inc. (NYSE:FSB) is scheduled to issue its quarterly earnings data on Monday, July 24th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.
Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Franklin Financial Network had a net margin of 23.51% and a return on equity of 12.11%. The business had revenue of $27.65 million for the quarter, compared to the consensus estimate of $26.62 million. On average, analysts expect Franklin Financial Network to post $2.65 EPS for the current fiscal year and $3.18 EPS for the next fiscal year.
Franklin Financial Network, Inc. (FSB) opened at 39.60 on Monday. The firm has a market capitalization of $518.44 million, a P/E ratio of 16.22 and a beta of 1.55. The company has a 50 day moving average of $40.57 and a 200 day moving average of $39.69. Franklin Financial Network, Inc. has a 1-year low of $29.85 and a 1-year high of $44.30.
A number of brokerages recently issued reports on FSB. Zacks Investment Research cut Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Sandler O’Neill began coverage on Franklin Financial Network in a research note on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price objective on the stock. BidaskClub cut Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Stephens restated a “buy” rating on shares of Franklin Financial Network in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.90.
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In related news, Director Paul M. Jr. Pratt sold 6,750 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $40.76, for a total value of $275,130.00. Following the sale, the director now directly owns 16,250 shares in the company, valued at approximately $662,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sally P. Kimble sold 710 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $40.06, for a total value of $28,442.60. Following the completion of the sale, the insider now owns 15,364 shares in the company, valued at $615,481.84. The disclosure for this sale can be found here. Insiders sold a total of 24,131 shares of company stock worth $1,017,746 over the last 90 days. 12.36% of the stock is currently owned by company insiders.
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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