Franklin Financial Network Inc (NYSE:FSB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
Other analysts have also issued research reports about the company. Stephens upgraded Franklin Financial Network from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 21st. Piper Jaffray Companies initiated coverage on Franklin Financial Network in a report on Tuesday, November 22nd. They set an “overweight” rating and a $41.50 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $41.88.
Shares of Franklin Financial Network (NYSE:FSB) opened at 38.45 on Monday. The stock has a 50 day moving average price of $38.38 and a 200-day moving average price of $37.54. Franklin Financial Network has a 12 month low of $24.80 and a 12 month high of $42.80. The company has a market capitalization of $502.12 million, a price-to-earnings ratio of 15.89 and a beta of 1.64.
Franklin Financial Network (NYSE:FSB) last posted its earnings results on Tuesday, January 24th. The financial services provider reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Franklin Financial Network had a return on equity of 13.59% and a net margin of 23.85%. Analysts expect that Franklin Financial Network will post $2.55 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the company. FTB Advisors Inc. bought a new stake in Franklin Financial Network during the third quarter worth $217,000. Buckingham Asset Management LLC acquired a new stake in shares of Franklin Financial Network during the third quarter valued at approximately $227,000. Diversified Trust Co acquired a new stake in shares of Franklin Financial Network during the third quarter valued at approximately $328,000. Barings LLC acquired a new stake in shares of Franklin Financial Network during the fourth quarter valued at approximately $343,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Franklin Financial Network during the third quarter valued at approximately $422,000. Institutional investors own 42.42% of the company’s stock.
Franklin Financial Network Company Profile
Franklin Financial Network, Inc is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals.
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