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

Several research analysts have recently weighed in on FSB shares. Zacks Investment Research upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Bank of America Corp. cut shares of Franklin Financial Network from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Finally, Compass Point lifted their price target on shares of Franklin Financial Network from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th.

The stock’s 50 day moving average price is $33.01 and its 200 day moving average price is $30.07. The company has a market cap of $374.03 million and a P/E ratio of 16.92.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Analysts predict that Franklin Financial Network Inc. will post $2.55 earnings per share for the current year.

In other news, Director Greg Waldron sold 10,900 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $32.78, for a total value of $357,302.00. Following the sale, the director now owns 8,807 shares in the company, valued at $288,693.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry W. Jr. Brockman sold 7,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $33.86, for a total transaction of $237,020.00. Following the completion of the sale, the director now owns 45,800 shares in the company, 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 raised its position in Franklin Financial Network Inc. (NYSE:FSB) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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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