Shares of Franklin Financial Network Inc (NYSE:FSB) have received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $40.75.

A number of brokerages recently weighed in on FSB. Zacks Investment Research upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, August 1st. ValuEngine upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Piper Jaffray Companies set a $39.00 target price on shares of Franklin Financial Network and gave the company a “hold” rating in a research note on Sunday, July 29th. Compass Point upgraded shares of Franklin Financial Network from a “sell” rating to a “neutral” rating in a research note on Thursday, July 26th. Finally, Stephens reiterated a “hold” rating and set a $39.00 target price on shares of Franklin Financial Network in a research note on Thursday, July 26th.

NYSE FSB traded up $0.35 during mid-day trading on Monday, reaching $40.40. The stock had a trading volume of 75,629 shares, compared to its average volume of 90,358. Franklin Financial Network has a 1 year low of $30.80 and a 1 year high of $40.40. The firm has a market cap of $579.51 million, a P/E ratio of 16.69, a PEG ratio of 1.42 and a beta of 1.06. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. Franklin Financial Network had a net margin of 19.27% and a return on equity of 11.81%. The company had revenue of $31.05 million during the quarter, compared to analyst estimates of $29.65 million. equities analysts expect that Franklin Financial Network will post 2.81 earnings per share for the current fiscal year.

In other Franklin Financial Network news, insider David J. Mcdaniel sold 900 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $38.87, for a total transaction of $34,983.00. Following the completion of the sale, the insider now directly owns 15,421 shares in the company, valued at approximately $599,414.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kevin A. Herrington sold 1,400 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $38.81, for a total transaction of $54,334.00. Following the sale, the insider now owns 20,669 shares of the company’s stock, valued at $802,163.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,176 shares of company stock valued at $200,612. Company insiders own 10.56% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp increased its stake in shares of Franklin Financial Network by 15.4% in the 1st quarter. Stifel Financial Corp now owns 70,448 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 9,424 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Franklin Financial Network in the 2nd quarter worth $106,000. Alps Advisors Inc. purchased a new stake in shares of Franklin Financial Network in the 2nd quarter worth $472,000. Creative Planning purchased a new stake in shares of Franklin Financial Network in the 2nd quarter worth $209,000. Finally, Texas Permanent School Fund purchased a new stake in shares of Franklin Financial Network in the 2nd quarter worth $293,000. Institutional investors and hedge funds own 64.31% of the company’s stock.

About Franklin Financial Network

Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.

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Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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