Franklin Financial Network, Inc. (NYSE:FSB) posted its earnings results on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02, Bloomberg Earnings reports. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. The firm had revenue of $27.90 million for the quarter, compared to analyst estimates of $30.97 million.
Franklin Financial Network (FSB) traded up 4.64% during trading on Thursday, reaching $36.05. The company had a trading volume of 167,530 shares. Franklin Financial Network has a 12 month low of $30.60 and a 12 month high of $42.80. The company has a market capitalization of $475.25 million, a P/E ratio of 14.88 and a beta of 1.48. The firm’s 50 day moving average is $34.53 and its 200-day moving average is $34.53.
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Several research firms recently issued reports on FSB. BidaskClub lowered Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Hovde Group began coverage on Franklin Financial Network in a research note on Friday, August 4th. They set a “market perform” rating and a $38.00 target price on the stock. ValuEngine raised Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research raised Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Compass Point reissued a “buy” rating and set a $43.00 target price (down previously from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Franklin Financial Network presently has a consensus rating of “Hold” and an average target price of $40.20.
Franklin Financial Network Company Profile
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.
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