Franklin Financial Network, Inc. (NYSE:FSB) has earned an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.20.

FSB has been the topic of a number of analyst reports. Piper Jaffray Companies lowered shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $41.00 in a research report on Thursday, July 27th. BidaskClub lowered shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine lowered shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Hovde Group initiated coverage on shares of Franklin Financial Network in a research report on Friday, August 4th. They set a “market perform” rating and a $38.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th.

Several hedge funds and other institutional investors have recently bought and sold shares of FSB. Bank of New York Mellon Corp boosted its position in shares of Franklin Financial Network by 12.4% during the 1st quarter. Bank of New York Mellon Corp now owns 54,674 shares of the financial services provider’s stock worth $2,118,000 after acquiring an additional 6,012 shares in the last quarter. American International Group Inc. boosted its position in shares of Franklin Financial Network by 27.5% during the 1st quarter. American International Group Inc. now owns 6,869 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 1,481 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Franklin Financial Network by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 18,285 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 636 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Franklin Financial Network by 1.1% during the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 30 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Franklin Financial Network by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 465,807 shares of the financial services provider’s stock worth $18,049,000 after acquiring an additional 42,871 shares in the last quarter. Institutional investors and hedge funds own 59.82% of the company’s stock.

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Franklin Financial Network (FSB) opened at $32.25 on Tuesday. Franklin Financial Network has a 52-week low of $30.30 and a 52-week high of $44.30. The stock has a market cap of $424.88, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18.

Franklin Financial Network (NYSE:FSB) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Franklin Financial Network had a net margin of 23.70% and a return on equity of 11.71%. The firm had revenue of $27.90 million for the quarter, compared to analyst estimates of $30.97 million. sell-side analysts expect that Franklin Financial Network will post 2.49 earnings per share for the current year.

About Franklin Financial Network

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.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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