Franklin Financial Network (FSB) Upgraded by Sandler O’Neill to Buy

Sandler O’Neill upgraded shares of Franklin Financial Network (NYSE:FSB) from a hold rating to a buy rating in a research note released on Thursday. They currently have $42.00 target price on the financial services provider’s stock.

Several other brokerages have also recently commented on FSB. Compass Point reiterated a buy rating and issued a $43.00 price target (down from $47.00) on shares of Franklin Financial Network in a research report on Friday, October 13th. Zacks Investment Research cut shares of Franklin Financial Network from a hold rating to a strong sell rating in a research report on Thursday, October 12th. Stephens cut shares of 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 report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a neutral rating and issued a $39.00 price target (down from $41.50) on shares of Franklin Financial Network in a research report on Thursday, October 5th. Finally, ValuEngine upgraded shares of Franklin Financial Network from a hold rating to a buy rating in a research report on Saturday, October 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $40.00.

Shares of Franklin Financial Network (NYSE FSB) traded up $0.15 during trading on Thursday, reaching $33.95. 149,100 shares of the company’s stock traded hands, compared to its average volume of 120,900. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.30. Franklin Financial Network has a 12-month low of $30.30 and a 12-month high of $44.30. The company has a market capitalization of $446.69, a PE ratio of 13.86, a PEG ratio of 1.20 and a beta of 1.41.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Franklin Financial Network had a net margin of 23.70% and a return on equity of 11.48%. The firm had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $30.97 million. equities research analysts anticipate that Franklin Financial Network will post 2.49 EPS 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 dated 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 owns 14,149 shares in the company, valued at approximately $478,377.69. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.56% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial For Lutherans acquired a new stake in Franklin Financial Network during the 2nd quarter worth about $342,000. Bank of New York Mellon Corp raised its holdings in Franklin Financial Network by 65.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,635 shares of the financial services provider’s stock worth $3,738,000 after buying an additional 35,961 shares during the period. Swiss National Bank acquired a new stake in Franklin Financial Network during the 2nd quarter worth about $850,000. JCSD Capital LLC raised its holdings in Franklin Financial Network by 30.8% during the 3rd quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock worth $8,392,000 after buying an additional 55,403 shares during the period. Finally, Royce & Associates LP raised its holdings in Franklin Financial Network by 15.8% during the 2nd quarter. Royce & Associates LP now owns 61,400 shares of the financial services provider’s stock worth $2,533,000 after buying an additional 8,400 shares during the period. Hedge funds and other institutional investors own 54.91% of the company’s stock.

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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.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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