Franklin Financial Network Inc (FSB) Receives Average Rating of “Hold” from Brokerages

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.

Hedge funds have recently bought and sold shares of the business. Thrivent Financial For Lutherans purchased a new stake in Franklin Financial Network during the second quarter valued at about $342,000. Bank of New York Mellon Corp grew its position in Franklin Financial Network by 65.8% during the second quarter. Bank of New York Mellon Corp now owns 90,635 shares of the financial services provider’s stock valued at $3,738,000 after acquiring an additional 35,961 shares during the period. Swiss National Bank purchased a new stake in Franklin Financial Network during the second quarter valued at about $850,000. JCSD Capital LLC boosted its position in shares of Franklin Financial Network by 30.8% in the third quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock worth $8,392,000 after buying an additional 55,403 shares during the period. Finally, Eidelman Virant Capital boosted its position in shares of Franklin Financial Network by 106.3% in the third quarter. Eidelman Virant Capital now owns 83,470 shares of the financial services provider’s stock worth $2,975,000 after buying an additional 43,000 shares during the period. 55.04% of the stock is owned by hedge funds and other institutional investors.

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.

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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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