Franklin Financial Network (NYSE:FSB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

Other research analysts have also recently issued reports about the company. ValuEngine raised Franklin Financial Network from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Compass Point reaffirmed a “buy” rating and set a $43.00 price objective (down from $47.00) on shares of Franklin Financial Network in a research report on Friday, October 13th. Stephens cut Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $39.00 price objective (down from $41.50) on shares of Franklin Financial Network in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Franklin Financial Network has an average rating of “Hold” and a consensus price target of $40.20.

Franklin Financial Network (NYSE FSB) traded up $0.40 during mid-day trading on Tuesday, hitting $34.00. The stock had a trading volume of 43,324 shares, compared to its average volume of 67,522. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $445.36, a PE ratio of 13.76, a P/E/G ratio of 1.35 and a beta of 1.41. Franklin Financial Network has a 52 week low of $30.30 and a 52 week high of $44.30.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. sell-side analysts anticipate that Franklin Financial Network will post 2.49 earnings per share for the current fiscal year.

In related news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total transaction of $30,429.00. Following the sale, the insider now owns 14,149 shares in the company, valued at $478,377.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.56% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Franklin Financial Network by 1.1% during the first 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. Citigroup Inc. raised its holdings in Franklin Financial Network by 3,009.2% during the second quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 2,949 shares in the last quarter. Voya Investment Management LLC bought a new stake in Franklin Financial Network during the second quarter worth about $211,000. Goldman Sachs Group Inc. bought a new stake in Franklin Financial Network during the second quarter worth about $214,000. Finally, Smith Moore & CO. bought a new stake in Franklin Financial Network during the third quarter worth about $214,000. Institutional investors and hedge funds own 54.91% of the company’s stock.

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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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Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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