Franklin Financial Network, Inc. (NYSE:FSB)‘s stock had its “neutral” rating reissued by research analysts at Piper Jaffray Companies in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $39.00 price target on the financial services provider’s stock, down from their prior price target of $41.50. Piper Jaffray Companies’ target price suggests a potential upside of 11.11% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Stephens cut Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research note on Tuesday. Zacks Investment Research raised Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Hovde Group began coverage on Franklin Financial Network in a research note on Friday, August 4th. They issued a “market perform” rating and a $38.00 price target on the stock. ValuEngine cut Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, BidaskClub cut Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $39.50.

Shares of Franklin Financial Network (NYSE:FSB) traded up 1.30% during mid-day trading on Thursday, reaching $35.10. The company had a trading volume of 84,854 shares. The stock has a 50 day moving average price of $34.55 and a 200 day moving average price of $34.55. The firm has a market capitalization of $462.72 million, a PE ratio of 14.49 and a beta of 1.48. Franklin Financial Network has a 12-month low of $29.85 and a 12-month high of $42.80.

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

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Several hedge funds have recently modified their holdings of the company. Phocas Financial Corp. grew its position in shares of Franklin Financial Network by 314.4% in the 2nd quarter. Phocas Financial Corp. now owns 387,006 shares of the financial services provider’s stock worth $15,964,000 after buying an additional 293,607 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Franklin Financial Network in the 2nd quarter worth approximately $351,000. Sterling Capital Management LLC bought a new stake in shares of Franklin Financial Network in the 2nd quarter worth approximately $823,000. Susquehanna International Group LLP bought a new stake in shares of Franklin Financial Network in the 2nd quarter worth approximately $728,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Franklin Financial Network by 11.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 231,221 shares of the financial services provider’s stock worth $9,538,000 after buying an additional 24,364 shares during the last quarter. Hedge funds and other institutional investors own 59.21% 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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