ValuEngine upgraded shares of Franklin Financial Network, Inc. (NYSE:FSB) from a hold rating to a buy rating in a research note released on Saturday, October 21st.
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Franklin Financial Network from a buy rating to a hold rating in a report on Monday, July 3rd. Sandler O’Neill began coverage on Franklin Financial Network in a report on Wednesday, July 12th. They issued a hold rating and a $43.00 target price on the stock. Compass Point reissued a buy rating and issued a $43.00 target price (down previously from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Piper Jaffray Companies reissued a neutral rating and issued a $39.00 target price (down previously from $41.50) on shares of Franklin Financial Network in a report on Thursday, October 5th. Finally, Hovde Group initiated coverage on Franklin Financial Network in a research note on Friday, August 4th. They set a market perform rating and a $38.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $40.20.
Franklin Financial Network (FSB) traded up $0.05 during trading on Friday, hitting $32.00. The stock had a trading volume of 72,491 shares, compared to its average volume of 67,556. Franklin Financial Network has a twelve month low of $30.30 and a twelve month high of $44.30. The stock has a market capitalization of $422.69, a PE ratio of 13.22, a PEG ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.75.
Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Franklin Financial Network had a return on equity of 11.71% and a net margin of 23.70%. The firm had revenue of $27.90 million for the quarter, compared to analyst estimates of $30.97 million. sell-side analysts expect that Franklin Financial Network will post 2.49 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in Franklin Financial Network during the third quarter worth about $888,000. Context BH Capital Management LP lifted its position in Franklin Financial Network by 43.7% during the third quarter. Context BH Capital Management LP now owns 157,448 shares of the financial services provider’s stock worth $5,613,000 after buying an additional 47,912 shares during the period. JCSD Capital LLC lifted its position in Franklin Financial Network by 30.8% during the third quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock worth $8,392,000 after buying an additional 55,403 shares during the period. Prudential Financial Inc. lifted its position in Franklin Financial Network by 11.9% during the third quarter. Prudential Financial Inc. now owns 30,464 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 3,240 shares during the period. Finally, Smith Moore & CO. purchased a new position in shares of Franklin Financial Network in the 3rd quarter worth about $214,000. Hedge funds and other institutional investors own 60.22% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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