Brokerages Set Franklin Financial Network Inc (FSB) Price Target at $38.33

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Franklin Financial Network Inc (NYSE:FSB) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $38.33.

A number of brokerages have recently weighed in on FSB. ValuEngine upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th.

In other news, Director James W. Iv Cross sold 3,960 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $36.36, for a total value of $143,985.60. Following the sale, the director now directly owns 31,080 shares in the company, valued at approximately $1,130,068.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David J. Mcdaniel sold 900 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $34.52, for a total transaction of $31,068.00. Following the completion of the sale, the insider now owns 15,421 shares in the company, valued at $532,332.92. The disclosure for this sale can be found here. Insiders sold a total of 10,785 shares of company stock worth $372,484 over the last 90 days. Company insiders own 10.56% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in FSB. BlackRock Inc. raised its stake in Franklin Financial Network by 1.7% during the 4th quarter. BlackRock Inc. now owns 759,745 shares of the financial services provider’s stock worth $25,908,000 after acquiring an additional 12,861 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Franklin Financial Network by 40.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 453,310 shares of the financial services provider’s stock worth $14,778,000 after acquiring an additional 129,854 shares in the last quarter. JCSD Capital LLC raised its stake in Franklin Financial Network by 9.0% during the 1st quarter. JCSD Capital LLC now owns 243,003 shares of the financial services provider’s stock worth $7,922,000 after acquiring an additional 20,000 shares in the last quarter. Context BH Capital Management LP raised its stake in Franklin Financial Network by 44.2% during the 4th quarter. Context BH Capital Management LP now owns 227,115 shares of the financial services provider’s stock worth $7,745,000 after acquiring an additional 69,667 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Franklin Financial Network by 88.5% during the 1st quarter. American Century Companies Inc. now owns 215,632 shares of the financial services provider’s stock worth $7,030,000 after acquiring an additional 101,228 shares in the last quarter. Institutional investors and hedge funds own 55.51% of the company’s stock.

Franklin Financial Network traded up $0.50, hitting $37.50, during midday trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 79,500 shares, compared to its average volume of 80,610. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 1.23. Franklin Financial Network has a 52-week low of $30.30 and a 52-week high of $42.65. The stock has a market capitalization of $525.37 million, a PE ratio of 15.29, a P/E/G ratio of 1.32 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.09. Franklin Financial Network had a net margin of 19.59% and a return on equity of 11.77%. The company had revenue of $28.57 million during the quarter, compared to analysts’ expectations of $29.20 million. analysts expect 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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