Franklin Financial Network Inc (NYSE:FSB) rose 2.1% during mid-day trading on Wednesday . The stock traded as high as $33.39 and last traded at $33.04, with a volume of 53,207 shares changing hands. The stock had previously closed at $32.36.

FSB has been the subject of several research reports. Compass Point reiterated a “neutral” rating and set a $44.00 price target (up from $41.00) on shares of Franklin Financial Network in a report on Wednesday, April 27th. Zacks Investment Research upgraded Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Bank of America Corp. lowered Franklin Financial Network from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th.

The stock’s 50 day moving average is $32.59 and its 200 day moving average is $29.76. The stock has a market capitalization of $351.99 million and a price-to-earnings ratio of 15.93.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Equities research analysts anticipate that Franklin Financial Network Inc will post $2.55 earnings per share for the current year.

In related news, Director Greg Waldron sold 10,900 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $32.78, for a total value of $357,302.00. Following the completion of the sale, the director now owns 8,807 shares in the company, valued at $288,693.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry W. Jr. Brockman sold 7,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $33.86, for a total value of $237,020.00. Following the completion of the sale, the director now owns 45,800 shares of the company’s stock, valued at approximately $1,550,788. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Franklin Financial Network stock. Bank of Montreal Can increased its position in shares of Franklin Financial Network Inc (NYSE:FSB) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 383,759 shares of the financial services provider’s stock after buying an additional 14,295 shares during the period. Bank of Montreal Can owned approximately 3.63% of Franklin Financial Network worth $12,042,000 as of its most recent SEC filing.

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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