Franklin Financial Network (NYSE:FSB) released its quarterly earnings results on Tuesday. The financial services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04, Fidelity Earnings reports. Franklin Financial Network had a net margin of 11.55% and a return on equity of 8.04%. The business had revenue of $32.87 million for the quarter, compared to analysts’ expectations of $32.36 million.
Shares of NYSE FSB opened at $37.40 on Wednesday. The company’s 50 day simple moving average is $34.20 and its 200 day simple moving average is $31.32. Franklin Financial Network has a fifty-two week low of $26.06 and a fifty-two week high of $35.49. The firm has a market capitalization of $507.14 million, a P/E ratio of 24.44 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.99 and a quick ratio of 0.97.
Several analysts have recently commented on FSB shares. Zacks Investment Research cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday. Stephens initiated coverage on shares of Franklin Financial Network in a report on Monday, November 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Piper Jaffray Companies lowered shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $33.50 to $35.50 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.70.
About Franklin Financial Network
Franklin Financial Network, Inc operates as the bank holding company for Franklin Synergy Bank that provides banking and related financial services to small businesses, corporate entities, local governments, and individuals. Its deposit products include checking, savings, and certificate of deposit accounts; and demand deposits, interest-bearing transaction accounts, money market accounts, and municipal deposits.
Recommended Story: Closed-End Mutual Funds
Receive News & Ratings for Franklin Financial Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Financial Network and related companies with MarketBeat.com's FREE daily email newsletter.