News headlines about Franklin Financial Network (NYSE:FSB) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franklin Financial Network earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.4313436559852 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Franklin Financial Network traded down $0.20, hitting $38.50, during mid-day trading on Tuesday, Marketbeat Ratings reports. 139,000 shares of the stock traded hands, compared to its average volume of 117,552. The company has a market capitalization of $557.71 million, a price-to-earnings ratio of 15.91, a PEG ratio of 1.40 and a beta of 1.10. Franklin Financial Network has a 52 week low of $30.30 and a 52 week high of $42.20. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.
Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $28.57 million for the quarter, compared to the consensus estimate of $29.20 million. Franklin Financial Network had a net margin of 19.59% and a return on equity of 11.77%. equities analysts forecast that Franklin Financial Network will post 2.77 EPS for the current fiscal year.
FSB has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Compass Point downgraded shares of Franklin Financial Network from a “neutral” rating to a “sell” rating and set a $36.00 target price on the stock. in a report on Tuesday, June 12th. Finally, ValuEngine downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.50.
In related news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $34.52, for a total transaction of $31,068.00. Following the transaction, the insider now directly owns 15,421 shares in the company, valued at approximately $532,332.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin A. Herrington sold 1,400 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $34.81, for a total transaction of $48,734.00. Following the transaction, the insider now owns 17,867 shares in the company, valued at $621,950.27. The disclosure for this sale can be found here. Insiders have sold a total of 12,131 shares of company stock worth $449,021 over the last quarter. 11.40% of the stock is currently owned by insiders.
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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