Franklin Financial Network (FSB) Downgraded by Compass Point to “Sell”

Franklin Financial Network (NYSE:FSB) was downgraded by stock analysts at Compass Point from a “neutral” rating to a “sell” rating in a report released on Tuesday, The Fly reports.

Other analysts also recently issued reports about the company. ValuEngine raised Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research raised Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.67.

Franklin Financial Network opened at $39.40 on Tuesday, Marketbeat reports. Franklin Financial Network has a fifty-two week low of $30.30 and a fifty-two week high of $42.65. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $539.02 million, a PE ratio of 16.28, a PEG ratio of 1.35 and a beta of 1.10.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.09. The firm had revenue of $28.57 million during the quarter, compared to the consensus estimate of $29.20 million. Franklin Financial Network had a return on equity of 11.77% and a net margin of 19.59%. equities research analysts expect that Franklin Financial Network will post 2.77 EPS for the current year.

In other news, Director James W. Iv Cross sold 3,525 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $32.66, for a total transaction of $115,126.50. Following the sale, the director now owns 21,450 shares in the company, valued at $700,557. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Iv Cross sold 3,960 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $36.36, for a total value of $143,985.60. Following the sale, the director now owns 31,080 shares in the company, valued at approximately $1,130,068.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,785 shares of company stock worth $338,914. 11.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FSB. Dimensional Fund Advisors LP raised its position in shares of Franklin Financial Network by 40.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 453,310 shares of the financial services provider’s stock worth $14,778,000 after buying an additional 129,854 shares during the period. American Century Companies Inc. raised its position in shares of Franklin Financial Network by 88.5% in the 1st quarter. American Century Companies Inc. now owns 215,632 shares of the financial services provider’s stock worth $7,030,000 after buying an additional 101,228 shares during the period. Mackay Shields LLC purchased a new position in shares of Franklin Financial Network in the 1st quarter worth $3,275,000. Salzhauer Michael raised its position in shares of Franklin Financial Network by 98.2% in the 4th quarter. Salzhauer Michael now owns 158,216 shares of the financial services provider’s stock worth $5,395,000 after buying an additional 78,397 shares during the period. Finally, Context BH Capital Management LP raised its position in Franklin Financial Network by 44.2% in the fourth quarter. Context BH Capital Management LP now owns 227,115 shares of the financial services provider’s stock valued at $7,745,000 after purchasing an additional 69,667 shares during the period. 55.51% of the stock is currently owned by institutional investors and hedge funds.

About Franklin Financial Network

Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.

The Fly

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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