Shares of Franklin Financial Network Inc (NYSE:FSB) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $40.25.
FSB has been the subject of several analyst reports. Compass Point reiterated a “buy” rating and issued a $43.00 target price (down from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Zacks Investment Research downgraded Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 12th. Sandler O’Neill raised Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, January 4th. Stephens downgraded Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price target for the company. in a research report on Tuesday, October 3rd. Finally, Hovde Group reissued a “hold” rating on shares of Franklin Financial Network in a research report on Friday.
In other Franklin Financial Network news, insider David J. Mcdaniel sold 900 shares of the business’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 completion of the sale, the insider now owns 14,149 shares of the company’s stock, valued at $478,377.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.56% of the stock is currently owned by insiders.
Franklin Financial Network (NYSE:FSB) opened at $33.15 on Friday. The company has a market capitalization of $438.10, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.12 and a beta of 0.91. Franklin Financial Network has a 12 month low of $30.30 and a 12 month high of $44.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.79.
Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $30.97 million. Franklin Financial Network had a return on equity of 11.44% and a net margin of 19.08%. equities analysts predict that Franklin Financial Network will post 3.04 EPS for the current fiscal 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.
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