Wall Street analysts predict that Franklin Financial Network Inc (NYSE:FSB) will report earnings of $0.69 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Franklin Financial Network’s earnings, with estimates ranging from $0.67 to $0.70. Franklin Financial Network reported earnings per share of $0.65 in the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Franklin Financial Network will report full year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.84. For the next fiscal year, analysts forecast that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.90 to $3.14. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Franklin Financial Network.
Franklin Financial Network (NYSE:FSB) last issued its earnings results on Wednesday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The business had revenue of $31.05 million for the quarter, compared to analyst estimates of $29.65 million. Franklin Financial Network had a net margin of 19.27% and a return on equity of 11.81%.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, August 7th. Piper Jaffray Companies set a $39.00 target price on shares of Franklin Financial Network and gave the stock a “hold” rating in a research note on Sunday, July 29th. ValuEngine raised shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Stephens reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Franklin Financial Network in a research note on Thursday, July 26th. Finally, Compass Point raised shares of Franklin Financial Network from a “sell” rating to a “neutral” rating in a research note on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.80.
NYSE FSB traded up $0.35 on Friday, hitting $40.40. 75,629 shares of the company were exchanged, compared to its average volume of 90,358. The firm has a market cap of $579.51 million, a PE ratio of 16.69, a P/E/G ratio of 1.42 and a beta of 1.06. Franklin Financial Network has a 12 month low of $30.80 and a 12 month high of $40.40. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18.
In other Franklin Financial Network news, insider Kevin A. Herrington sold 1,400 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $38.81, for a total value of $54,334.00. Following the transaction, the insider now directly owns 20,669 shares of the company’s stock, valued at $802,163.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah L. Meyerrose sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $38.50, for a total transaction of $77,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,255 shares in the company, valued at $279,317.50. The disclosure for this sale can be found here. Insiders sold 5,176 shares of company stock worth $200,612 over the last ninety days. Insiders own 10.56% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC purchased a new stake in shares of Franklin Financial Network in the second quarter valued at about $106,000. Stifel Financial Corp raised its holdings in shares of Franklin Financial Network by 15.4% in the first quarter. Stifel Financial Corp now owns 70,448 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 9,424 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Franklin Financial Network in the second quarter valued at about $472,000. Creative Planning purchased a new stake in shares of Franklin Financial Network in the second quarter valued at about $209,000. Finally, Texas Permanent School Fund purchased a new stake in shares of Franklin Financial Network in the second quarter valued at about $293,000. 64.31% of the stock is currently owned by hedge funds and other institutional investors.
Franklin Financial Network Company Profile
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.
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