Franklin Financial Network, Inc. (FSB) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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.

Earnings History for Franklin Financial Network (NYSE:FSB)

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