Franklin Financial Network Inc (FSB) Receives $37.75 Consensus PT from Analysts

Franklin Financial Network Inc (NYSE:FSB) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $37.75.

Several equities analysts have issued reports on FSB shares. Zacks Investment Research lowered Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 13th. ValuEngine lowered Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Compass Point lowered Franklin Financial Network from a “neutral” rating to a “sell” rating and set a $36.00 target price on the stock. in a research report on Tuesday, June 12th.

In other news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was 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 of the company’s stock, valued at $532,332.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Iv Cross sold 3,960 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $36.36, for a total value of $143,985.60. Following the sale, the director now owns 31,080 shares of the company’s stock, valued at approximately $1,130,068.80. The disclosure for this sale can be found here. Insiders have sold 12,131 shares of company stock worth $449,021 over the last ninety days. 11.40% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Franklin Financial Network during the fourth quarter worth $168,000. UBS Group AG grew its holdings in Franklin Financial Network by 45.9% during the first quarter. UBS Group AG now owns 8,578 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,698 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Franklin Financial Network by 30.8% during the fourth 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 in the last quarter. Two Sigma Advisers LP grew its holdings in Franklin Financial Network by 11.2% during the fourth 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 in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Franklin Financial Network by 29.4% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

Franklin Financial Network traded down $0.50, hitting $38.35, during trading on Wednesday, according to MarketBeat.com. The company’s stock had a trading volume of 64,366 shares, compared to its average volume of 314,244. Franklin Financial Network has a twelve month low of $30.30 and a twelve month high of $42.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.76. The firm has a market cap of $558.43 million, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.09. Franklin Financial Network had a return on equity of 11.77% and a net margin of 19.59%. The firm had revenue of $28.57 million for the quarter, compared to analyst estimates of $29.20 million. research analysts predict that Franklin Financial Network will post 2.77 EPS for the current fiscal year.

About Franklin Financial Network

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.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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