Zacks Investment Research upgraded shares of Franklin Financial Network (NYSE:FSB) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $41.00 price target on the financial services provider’s stock.

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. “

FSB has been the topic of several other reports. Sandler O’Neill raised Franklin Financial Network from a hold rating to a buy rating and set a $42.00 price target on the stock in a research note on Thursday, January 4th. Stephens cut Franklin Financial Network from an overweight rating to an equal weight rating and set a $38.00 price target on the stock. in a research note on Tuesday, October 3rd. ValuEngine raised Franklin Financial Network from a hold rating to a buy rating in a research note on Saturday, October 21st. Compass Point reaffirmed a buy rating and issued a $43.00 price target (down from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Finally, Piper Jaffray Companies reaffirmed a neutral rating and issued a $39.00 price target (down from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $40.17.

Shares of Franklin Financial Network (NYSE:FSB) remained flat at $$36.40 during trading on Tuesday. 103,100 shares of the company traded hands, compared to its average volume of 115,620. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.30. The company has a market cap of $481.05, a P/E ratio of 14.86, a P/E/G ratio of 1.20 and a beta of 1.41. Franklin Financial Network has a 1-year low of $30.30 and a 1-year high of $44.30.

Franklin Financial Network (NYSE:FSB) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $27.90 million during the quarter, compared to the consensus estimate of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. sell-side analysts anticipate that Franklin Financial Network will post 2.48 EPS for the current fiscal year.

In related news, insider David J. Mcdaniel sold 900 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total transaction of $30,429.00. Following the sale, the insider now directly owns 14,149 shares of the company’s stock, valued at $478,377.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.56% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FSB. Phocas Financial Corp. grew its stake in Franklin Financial Network by 314.4% during the 2nd quarter. Phocas Financial Corp. now owns 387,006 shares of the financial services provider’s stock worth $15,964,000 after buying an additional 293,607 shares during the last quarter. EAM Investors LLC boosted its holdings in shares of Franklin Financial Network by 220.7% in the second quarter. EAM Investors LLC now owns 120,605 shares of the financial services provider’s stock valued at $4,975,000 after acquiring an additional 83,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Franklin Financial Network by 56.0% in the third quarter. Dimensional Fund Advisors LP now owns 200,943 shares of the financial services provider’s stock valued at $7,164,000 after acquiring an additional 72,126 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Franklin Financial Network by 356.5% in the second quarter. New York State Common Retirement Fund now owns 88,920 shares of the financial services provider’s stock valued at $3,668,000 after acquiring an additional 69,443 shares in the last quarter. Finally, JCSD Capital LLC boosted its holdings in shares of Franklin Financial Network by 30.8% in the third quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock valued at $8,392,000 after acquiring an additional 55,403 shares in the last quarter. 54.91% of the stock is currently owned by institutional investors.

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About Franklin Financial Network

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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