Franklin Financial Network Inc. (NYSE:FSB) shares reached a new 52-week high during trading on Monday . The company traded as high as $34.60 and last traded at $34.48, with a volume of 31,313 shares trading hands. The stock had previously closed at $33.58.

A number of research analysts have recently commented on FSB shares. Zacks Investment Research upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, August 1st. Bank of America Corp. cut Franklin Financial Network from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Finally, Compass Point raised their target price on Franklin Financial Network from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th.

The firm’s 50-day moving average price is $32.85 and its 200-day moving average price is $29.87. The company has a market capitalization of $368.79 million and a P/E ratio of 16.69.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. On average, equities research analysts forecast that Franklin Financial Network Inc. will post $2.55 earnings per share for the current year.

In other news, Director Greg Waldron sold 770 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $33.06, for a total transaction of $25,456.20. Following the transaction, the director now owns 3,237 shares of the company’s stock, valued at $107,015.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jimmy E. Allen sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $32.50, for a total value of $162,500.00. Following the transaction, the director now directly owns 119,374 shares in the company, valued at approximately $3,879,655. 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 raised its position in shares of Franklin Financial Network Inc. (NYSE:FSB) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The firm 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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