Franklin Financial Network, Inc. (NYSE:FSB) insider Kevin A. Herrington sold 369 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $32.36, for a total value of $11,940.84. Following the completion of the transaction, the insider now directly owns 13,391 shares in the company, valued at approximately $433,332.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Franklin Financial Network, Inc. (NYSE:FSB) traded up 1.08% on Thursday, hitting $32.70. The stock had a trading volume of 35,036 shares. Franklin Financial Network, Inc. has a 1-year low of $29.85 and a 1-year high of $44.30. The firm has a market capitalization of $431.08 million, a price-to-earnings ratio of 13.50 and a beta of 1.44. The company’s 50 day moving average is $36.01 and its 200-day moving average is $38.67.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. The business had revenue of $28.35 million during the quarter, compared to the consensus estimate of $30.63 million. On average, analysts forecast that Franklin Financial Network, Inc. will post $2.53 EPS for the current year.

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Several hedge funds have recently modified their holdings of FSB. Legal & General Group Plc boosted its stake in shares of Franklin Financial Network by 1.1% in the first quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after buying an additional 30 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Franklin Financial Network by 3,009.2% in the second quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock valued at $125,000 after buying an additional 2,949 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Franklin Financial Network during the second quarter valued at $211,000. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin Financial Network during the second quarter valued at $214,000. Finally, Menta Capital LLC acquired a new stake in shares of Franklin Financial Network during the first quarter valued at $252,000. 59.21% of the stock is currently owned by institutional investors.

FSB has been the topic of a number of analyst reports. ValuEngine downgraded Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Piper Jaffray Companies downgraded Franklin Financial Network from an “overweight” rating to a “neutral” rating and cut their price target for the company from $45.00 to $41.00 in a research note on Thursday, July 27th. Finally, Sandler O’Neill initiated coverage on Franklin Financial Network in a research note on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.40.

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.

Insider Buying and Selling by Quarter for Franklin Financial Network (NYSE:FSB)

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