Shares of Franklin Financial Network Inc (NYSE:FSB) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $34.50.

Several analysts have recently weighed in on the company. Stephens restated a “hold” rating on shares of Carolina Financial in a report on Thursday, April 25th. Hovde Group restated a “market perform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Franklin Financial Network in a report on Tuesday, April 9th. Compass Point lowered Franklin Financial Network from a “neutral” rating to a “sell” rating in a report on Monday, April 8th. Zacks Investment Research lowered Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Finally, Raymond James set a $12.00 price objective on KVH Industries and gave the company a “buy” rating in a report on Friday, May 17th.

Shares of Franklin Financial Network stock traded up $0.37 during trading on Friday, hitting $28.34. The stock had a trading volume of 2,398 shares, compared to its average volume of 52,526. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market capitalization of $408.14 million, a price-to-earnings ratio of 10.50 and a beta of 1.36. The firm’s fifty day simple moving average is $27.51. Franklin Financial Network has a fifty-two week low of $25.25 and a fifty-two week high of $41.50.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). The firm had revenue of $30.91 million during the quarter, compared to analyst estimates of $31.45 million. Franklin Financial Network had a net margin of 14.39% and a return on equity of 9.98%. On average, analysts predict that Franklin Financial Network will post 2.44 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund raised its position in Franklin Financial Network by 4.3% during the fourth quarter. Texas Permanent School Fund now owns 7,985 shares of the financial services provider’s stock valued at $211,000 after buying an additional 328 shares during the period. Comerica Bank raised its position in Franklin Financial Network by 3.6% during the first quarter. Comerica Bank now owns 12,161 shares of the financial services provider’s stock valued at $333,000 after buying an additional 420 shares during the period. Rhumbline Advisers raised its position in Franklin Financial Network by 1.3% during the first quarter. Rhumbline Advisers now owns 35,953 shares of the financial services provider’s stock valued at $1,043,000 after buying an additional 459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Franklin Financial Network by 104.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,287 shares of the financial services provider’s stock valued at $37,000 after buying an additional 659 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new position in Franklin Financial Network during the first quarter valued at $31,000. 64.52% of the stock is currently owned by institutional investors.

Franklin Financial Network Company Profile

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

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Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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