Equities research analysts predict that Franklin Financial Network Inc (NYSE:FSB) will report earnings per share of $0.67 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Franklin Financial Network’s earnings, with estimates ranging from $0.61 to $0.72. Franklin Financial Network posted earnings per share of $0.70 during the same quarter last year, which would suggest a negative year over year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Franklin Financial Network will report full year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.89 to $2.14. For the next year, analysts forecast that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.59 to $2.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Franklin Financial Network.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $32.29 million for the quarter, compared to the consensus estimate of $32.40 million. Franklin Financial Network had a net margin of 11.40% and a return on equity of 8.23%.

FSB has been the topic of a number of research reports. ValuEngine raised shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James raised shares of Franklin Financial Network from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 28th. Finally, Stephens raised shares of Franklin Financial Network from an “equal” rating to a “weight” rating and set a $34.00 target price on the stock in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.20.

Shares of FSB stock traded up $0.20 during mid-day trading on Friday, reaching $31.87. The company’s stock had a trading volume of 59,309 shares, compared to its average volume of 73,989. The company’s 50 day simple moving average is $28.63 and its 200-day simple moving average is $28.62. Franklin Financial Network has a 12-month low of $25.25 and a 12-month high of $41.50. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $442.11 million, a PE ratio of 11.76 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, August 14th. Franklin Financial Network’s dividend payout ratio is presently 5.90%.

In other news, Director James W. Iv Cross sold 2,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.16, for a total value of $60,320.00. Following the transaction, the director now owns 29,463 shares of the company’s stock, valued at approximately $888,604.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC purchased a new position in shares of Franklin Financial Network in the 2nd quarter valued at $2,104,000. Victory Capital Management Inc. raised its stake in shares of Franklin Financial Network by 25.3% in the 2nd quarter. Victory Capital Management Inc. now owns 65,290 shares of the financial services provider’s stock valued at $1,819,000 after acquiring an additional 13,190 shares during the period. Morgan Stanley raised its stake in shares of Franklin Financial Network by 407.9% in the 2nd quarter. Morgan Stanley now owns 62,853 shares of the financial services provider’s stock valued at $1,751,000 after acquiring an additional 50,478 shares during the period. Putnam Investments LLC grew its holdings in Franklin Financial Network by 137.6% during the 2nd quarter. Putnam Investments LLC now owns 87,900 shares of the financial services provider’s stock valued at $2,449,000 after purchasing an additional 50,900 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Franklin Financial Network by 8.4% during the 2nd quarter. Invesco Ltd. now owns 30,215 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 2,352 shares in the last quarter. 64.29% of the stock is currently owned by institutional investors and hedge funds.

About Franklin Financial Network

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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Earnings History and Estimates for Franklin Financial Network (NYSE:FSB)

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