Franklin Financial Network (FSB) Rating Reiterated by Piper Jaffray Companies

Franklin Financial Network (NYSE:FSB)‘s stock had its “hold” rating reiterated by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Sunday. They currently have a $35.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 6.54% from the stock’s previous close.

FSB has been the topic of a number of other research reports. Zacks Investment Research lowered Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Sandler O’Neill upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, January 4th. Stephens lowered Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research report on Tuesday, October 3rd. ValuEngine upgraded Franklin Financial Network from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, UBS Group lowered Franklin Financial Network from an “outperform” rating to a “market perform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Franklin Financial Network currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Shares of Franklin Financial Network (FSB) traded down $0.30 during midday trading on Friday, reaching $32.85. The company had a trading volume of 52,352 shares, compared to its average volume of 125,499. The stock has a market capitalization of $438.81, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.09 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. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.30.

In related news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total value of $30,429.00. Following the sale, the insider now owns 14,149 shares in the company, valued at $478,377.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.56% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Franklin Financial Network by 5.4% in the second quarter. Vanguard Group Inc. now owns 490,869 shares of the financial services provider’s stock valued at $20,249,000 after acquiring an additional 25,062 shares during the period. Northpointe Capital LLC lifted its holdings in Franklin Financial Network by 7.2% in the third quarter. Northpointe Capital LLC now owns 485,147 shares of the financial services provider’s stock valued at $17,295,000 after acquiring an additional 32,562 shares during the period. Bank of Montreal Can lifted its holdings in Franklin Financial Network by 9.8% in the fourth quarter. Bank of Montreal Can now owns 388,340 shares of the financial services provider’s stock valued at $13,243,000 after acquiring an additional 34,659 shares during the period. Phocas Financial Corp. lifted its holdings in Franklin Financial Network by 314.4% in the second quarter. Phocas Financial Corp. now owns 387,006 shares of the financial services provider’s stock valued at $15,964,000 after acquiring an additional 293,607 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Franklin Financial Network by 3.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 238,626 shares of the financial services provider’s stock valued at $8,507,000 after acquiring an additional 7,405 shares during the period. 52.63% of the stock is owned by institutional investors.

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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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