Several analysts have recently updated their ratings and price targets for Franklin Financial Network (NYSE: FSB):

  • 7/13/2017 – Franklin Financial Network was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/13/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/12/2017 – Franklin Financial Network is now covered by analysts at Sandler O’Neill. They set a “hold” rating and a $43.00 price target on the stock.
  • 7/3/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 6/28/2017 – Franklin Financial Network was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. 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. “
  • 6/27/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 6/20/2017 – Franklin Financial Network was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. 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. “
  • 6/16/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

Franklin Financial Network, Inc. (FSB) opened at 39.60 on Monday. Franklin Financial Network, Inc. has a 1-year low of $29.85 and a 1-year high of $44.30. The firm has a 50-day moving average of $40.57 and a 200-day moving average of $39.69. The stock has a market capitalization of $518.44 million, a price-to-earnings ratio of 16.22 and a beta of 1.55.

Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $27.65 million for the quarter, compared to the consensus estimate of $26.62 million. Franklin Financial Network had a net margin of 23.51% and a return on equity of 12.11%. Equities research analysts anticipate that Franklin Financial Network, Inc. will post $2.65 EPS for the current year.

In other news, Director Jimmy E. Allen sold 10,000 shares of Franklin Financial Network stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $43.63, for a total value of $436,300.00. Following the transaction, the director now directly owns 104,374 shares of the company’s stock, valued at $4,553,837.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sally P. Kimble sold 710 shares of Franklin Financial Network stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $40.06, for a total transaction of $28,442.60. Following the completion of the transaction, the insider now directly owns 15,364 shares in the company, valued at $615,481.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,131 shares of company stock worth $1,017,746. 12.36% of the stock is currently owned by insiders.

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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