Franklin Financial Network Inc (FSB) Upgraded to Hold at Zacks Investment Research

Franklin Financial Network Inc (NYSE:FSB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “

Several other equities research analysts have also recently issued reports on FSB. Stephens upgraded shares of Franklin Financial Network from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 21st. Piper Jaffray Companies began coverage on shares of Franklin Financial Network in a report on Tuesday, November 22nd. They issued an “overweight” rating and a $41.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $40.88.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

Franklin Financial Network (NYSE:FSB) traded down 0.91% on Monday, hitting $38.15. 26,550 shares of the stock were exchanged. Franklin Financial Network has a 12 month low of $24.80 and a 12 month high of $42.80. The company has a 50-day moving average of $38.60 and a 200 day moving average of $37.49. The firm has a market cap of $497.32 million, a P/E ratio of 15.76 and a beta of 1.64.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. Franklin Financial Network had a net margin of 23.85% and a return on equity of 13.59%. Equities research 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 large investors have recently modified their holdings of FSB. Buckingham Asset Management LLC bought a new stake in shares of Franklin Financial Network during the third quarter valued at about $227,000. FTB Advisors Inc. bought a new stake in shares of Franklin Financial Network during the third quarter valued at about $217,000. Barings LLC bought a new stake in shares of Franklin Financial Network during the fourth quarter valued at about $343,000. Diversified Trust Co bought a new stake in shares of Franklin Financial Network during the third quarter valued at about $328,000. Finally, Alps Advisors Inc. bought a new stake in shares of Franklin Financial Network during the third quarter valued at about $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.

5 Day Chart for NYSE:FSB

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