Franklin Financial Network Inc (FSB) Given Average Rating of “Hold” by Analysts

Franklin Financial Network Inc (NYSE:FSB) has received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $38.33.

FSB has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Compass Point downgraded shares of Franklin Financial Network from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Sandler O’Neill raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, January 4th. Hovde Group reaffirmed a “hold” rating on shares of Franklin Financial Network in a report on Friday, January 26th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Franklin Financial Network in a report on Friday, January 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in Franklin Financial Network by 3,009.2% during the second quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,949 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Franklin Financial Network during the fourth quarter valued at about $168,000. Voya Investment Management LLC purchased a new stake in Franklin Financial Network during the second quarter valued at about $211,000. Smith Moore & CO. purchased a new stake in Franklin Financial Network during the third quarter valued at about $214,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Franklin Financial Network during the second quarter valued at about $214,000. 53.19% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Network (NYSE:FSB) opened at $32.50 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.30. The firm has a market cap of $431.53, a PE ratio of 15.93, a P/E/G ratio of 1.11 and a beta of 1.17. Franklin Financial Network has a fifty-two week low of $30.30 and a fifty-two week high of $44.30.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.08). The company had revenue of $27.87 million during the quarter, compared to analysts’ expectations of $30.20 million. Franklin Financial Network had a return on equity of 11.44% and a net margin of 19.08%. analysts predict that Franklin Financial Network will post 2.95 earnings per share for the current fiscal year.

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Franklin Financial Network Company Profile

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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