Franklin Financial Network, Inc. (NYSE:FSB) will post its quarterly earnings results on Monday, July 24th. Analysts expect Franklin Financial Network to post earnings of $0.64 per share for the quarter.
Franklin Financial Network (NYSE:FSB) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $27.65 million for the quarter, compared to analyst estimates of $26.62 million. Franklin Financial Network had a net margin of 23.51% and a return on equity of 12.11%. On average, analysts expect Franklin Financial Network to post $2.65 EPS for the current fiscal year and $3.43 EPS for the next fiscal year.
Shares of Franklin Financial Network, Inc. (FSB) opened at 39.35 on Friday. Franklin Financial Network, Inc. has a 1-year low of $29.85 and a 1-year high of $44.30. The firm has a market cap of $515.17 million, a price-to-earnings ratio of 16.11 and a beta of 1.55. The stock has a 50 day moving average of $40.64 and a 200-day moving average of $39.67.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Sandler O’Neill assumed coverage on shares of Franklin Financial Network in a research note on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price objective on the stock. Zacks Investment Research cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Stephens reissued a “buy” rating on shares of Franklin Financial Network in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Franklin Financial Network currently has an average rating of “Hold” and a consensus target price of $42.90.
In related news, Director Jimmy E. Allen sold 10,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $43.63, for a total value of $436,300.00. Following the sale, the director now directly owns 104,374 shares in the company, valued at approximately $4,553,837.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henry W. Jr. Brockman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $43.07, for a total transaction of $129,210.00. Following the completion of the sale, the director now owns 28,800 shares in the company, valued at $1,240,416. The disclosure for this sale can be found here. Insiders sold a total of 24,131 shares of company stock worth $1,017,746 over the last three months. 12.36% of the stock is currently owned by corporate insiders.
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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