Franklin Financial Network Inc (FSB) Receives $39.00 Consensus Target Price from Analysts

Franklin Financial Network Inc (NYSE:FSB) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.00.

A number of research firms recently weighed in on FSB. Zacks Investment Research raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, August 1st. Piper Jaffray Companies set a $39.00 price objective on shares of Franklin Financial Network and gave the stock a “hold” rating in a research report on Sunday, July 29th. Compass Point raised shares of Franklin Financial Network from a “sell” rating to a “neutral” rating in a research report on Thursday, July 26th. Stephens reaffirmed a “hold” rating and set a $39.00 price objective on shares of Franklin Financial Network in a research report on Thursday, July 26th. Finally, ValuEngine cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th.

In related news, CFO Sarah L. Meyerrose sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $38.50, for a total transaction of $77,000.00. Following the completion of the transaction, the chief financial officer now owns 7,255 shares of the company’s stock, valued at approximately $279,317.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David J. Mcdaniel sold 900 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $38.87, for a total transaction of $34,983.00. Following the transaction, the insider now directly owns 15,421 shares of the company’s stock, valued at approximately $599,414.27. The disclosure for this sale can be found here. Company insiders own 10.56% of the company’s stock.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Franklin Financial Network in the 2nd quarter valued at approximately $105,000. Piedmont Investment Advisors LLC purchased a new position in Franklin Financial Network in the 2nd quarter valued at approximately $106,000. Acadian Asset Management LLC purchased a new position in Franklin Financial Network in the 2nd quarter valued at approximately $107,000. Municipal Employees Retirement System of Michigan purchased a new position in Franklin Financial Network in the 2nd quarter valued at approximately $128,000. Finally, State of Alaska Department of Revenue purchased a new position in Franklin Financial Network in the 2nd quarter valued at approximately $148,000. 64.26% of the stock is owned by institutional investors.

Franklin Financial Network stock opened at $33.60 on Tuesday. Franklin Financial Network has a 1-year low of $30.80 and a 1-year high of $41.50. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $495.48 million, a PE ratio of 13.88, a PEG ratio of 1.23 and a beta of 1.06.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Franklin Financial Network had a net margin of 19.13% and a return on equity of 11.85%. The business had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $31.30 million. As a group, equities analysts forecast that Franklin Financial Network will post 2.78 earnings per share for the current fiscal year.

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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Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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