Franklin Financial Network Inc (FSB) Receives $38.33 Average Target Price from Analysts

Shares of Franklin Financial Network Inc (NYSE:FSB) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.33.

Several equities research analysts have commented on the stock. UBS lowered shares of Franklin Financial Network from an “outperform” rating to a “market perform” rating in a research note on Friday, January 26th. Piper Jaffray reiterated a “hold” rating and issued a $35.00 price objective on shares of Franklin Financial Network in a research note on Sunday, January 28th. Zacks Investment Research upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, January 16th. Raymond James Financial reiterated a “market perform” rating on shares of Franklin Financial Network in a research note on Friday, January 26th. Finally, Hovde Group reiterated a “hold” rating on shares of Franklin Financial Network in a research note on Friday, January 26th.

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NYSE:FSB opened at $32.95 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $436.68, a price-to-earnings ratio of 13.62, a PEG ratio of 1.14 and a beta of 1.08. Franklin Financial Network has a 52 week low of $30.30 and a 52 week high of $44.30.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.08). The firm had revenue of $27.87 million during the quarter, compared to analysts’ expectations of $30.20 million. Franklin Financial Network had a net margin of 19.08% and a return on equity of 11.32%. equities analysts forecast that Franklin Financial Network will post 2.88 earnings per share for the current year.

In related news, insider Kevin A. Herrington sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $33.57, for a total value of $33,570.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James W. Iv Cross sold 3,525 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 21,450 shares of the company’s stock, valued at $700,557. The disclosure for this sale can be found here. 10.56% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in Franklin Financial Network in the 4th quarter worth approximately $168,000. Trustcore Financial Services LLC bought a new position in Franklin Financial Network in the 4th quarter worth approximately $500,000. Goldman Sachs Group Inc. boosted its holdings in Franklin Financial Network by 30.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 16,795 shares of the financial services provider’s stock worth $573,000 after buying an additional 3,955 shares during the period. Two Sigma Advisers LP boosted its holdings in Franklin Financial Network by 11.2% in the 4th quarter. Two Sigma Advisers LP now owns 18,900 shares of the financial services provider’s stock worth $644,000 after buying an additional 1,900 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Franklin Financial Network by 29.4% in the 4th quarter. Wells Fargo & Company MN now owns 21,264 shares of the financial services provider’s stock worth $725,000 after buying an additional 4,832 shares during the period. 55.73% 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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