Franklin Financial Network Inc (NYSE:FSB) insider Kevin A. Herrington sold 1,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was 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 SEC, which is available through this hyperlink.
Shares of FSB traded down $0.60 during mid-day trading on Friday, reaching $32.10. The company’s stock had a trading volume of 43,919 shares, compared to its average volume of 65,332. The firm has a market capitalization of $433.37, a P/E ratio of 13.26, a PEG ratio of 1.14 and a beta of 1.08. Franklin Financial Network Inc has a 1 year low of $30.30 and a 1 year high of $44.30. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 1.08.
Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.08). The business 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%. analysts expect that Franklin Financial Network Inc will post 2.88 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on FSB shares. Zacks Investment Research raised Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, January 25th. Sandler O’Neill raised Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, January 4th. Hovde Group reissued a “hold” rating on shares of Franklin Financial Network in a research note on Friday, January 26th. Piper Jaffray reissued a “hold” rating and set a $35.00 price objective on shares of Franklin Financial Network in a research note on Sunday, January 28th. Finally, ValuEngine lowered Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Franklin Financial Network in the fourth quarter valued at $168,000. Voya Investment Management LLC purchased a new stake in shares of Franklin Financial Network in the second quarter valued at $211,000. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Financial Network in the second quarter valued at $214,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Franklin Financial Network by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,497 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 404 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Franklin Financial Network in the fourth quarter valued at $500,000. Institutional investors own 55.73% of the company’s stock.
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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.
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