Stephens Reaffirms Hold Rating for Franklin Financial Network (FSB)

Stephens reaffirmed their hold rating on shares of Franklin Financial Network (NYSE:FSB) in a research report sent to investors on Thursday. The brokerage currently has a $33.00 price objective on the financial services provider’s stock.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Franklin Financial Network from a hold rating to a buy rating and set a $42.00 price target on the stock in a research report on Tuesday, October 16th. Piper Jaffray Companies set a $39.00 price target on shares of Franklin Financial Network and gave the stock a hold rating in a research report on Sunday, July 29th. ValuEngine upgraded shares of Franklin Financial Network from a sell rating to a hold rating in a research report on Saturday, July 28th. Finally, Compass Point upgraded shares of Franklin Financial Network from a sell rating to a neutral rating in a research report on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $38.40.

Shares of FSB traded up $0.02 during trading hours on Thursday, hitting $33.12. The stock had a trading volume of 163,262 shares, compared to its average volume of 79,832. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.78 and a current ratio of 0.80. Franklin Financial Network has a 52 week low of $30.80 and a 52 week high of $41.50. The firm has a market cap of $479.84 million, a price-to-earnings ratio of 12.31, a PEG ratio of 1.18 and a beta of 1.06.



Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The business had revenue of $30.00 million for the quarter, compared to the consensus estimate of $31.30 million. Franklin Financial Network had a net margin of 19.13% and a return on equity of 11.85%. As a group, sell-side analysts anticipate that Franklin Financial Network will post 2.81 EPS for the current fiscal year.

In related news, CFO Sarah L. Meyerrose sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $38.50, for a total transaction of $77,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,255 shares of the company’s stock, valued at approximately $279,317.50. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $34,983.00. Following the sale, the insider now directly owns 15,421 shares of the company’s stock, valued at $599,414.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,176 shares of company stock valued at $200,612. 10.56% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank increased its stake in Franklin Financial Network by 14.2% during the 2nd quarter. Swiss National Bank now owns 24,900 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 3,100 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Franklin Financial Network by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 13,684 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 1,860 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Franklin Financial Network by 123.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,490 shares of the financial services provider’s stock worth $5,621,000 after acquiring an additional 82,657 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Franklin Financial Network during the 2nd quarter worth approximately $472,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Franklin Financial Network during the 2nd quarter worth approximately $106,000. 64.30% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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