Research analysts at Sandler O’Neill initiated coverage on shares of Franklin Financial Network, Inc. (NYSE:FSB) in a research note issued to investors on Wednesday, July 12th, Marketbeat reports. The brokerage set a “hold” rating and a $43.00 price target on the financial services provider’s stock. Sandler O’Neill’s price objective indicates a potential upside of 33.13% from the company’s current price.
FSB has been the topic of a number of other research reports. Zacks Investment Research raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, June 28th. Stephens reaffirmed a “buy” rating on shares of Franklin Financial Network in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.40.
Shares of Franklin Financial Network (NYSE:FSB) opened at 32.30 on Wednesday. The company has a market capitalization of $425.75 million, a PE ratio of 13.34 and a beta of 1.44. The stock has a 50 day moving average of $38.23 and a 200-day moving average of $39.11. Franklin Financial Network has a one year low of $29.85 and a one year high of $44.30.
Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $28.35 million for the quarter, compared to analysts’ expectations of $30.63 million. Franklin Financial Network had a net margin of 23.50% and a return on equity of 11.80%. On average, equities analysts forecast that Franklin Financial Network will post $2.53 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/12/franklin-financial-network-inc-fsb-research-coverage-started-at-sandler-oneill-updated-updated-updated.html.
In other Franklin Financial Network news, insider Sally P. Kimble sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $40.06, for a total transaction of $28,442.60. Following the sale, the insider now owns 15,364 shares in the company, valued at approximately $615,481.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David J. Mcdaniel sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $40.22, for a total transaction of $36,198.00. Following the sale, the insider now owns 14,149 shares in the company, valued at approximately $569,072.78. The disclosure for this sale can be found here. In the last three months, insiders sold 11,131 shares of company stock worth $452,236. 12.36% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in FSB. Legal & General Group Plc boosted its stake in Franklin Financial Network by 1.1% in the first quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock worth $109,000 after buying an additional 30 shares during the last quarter. Citigroup Inc. boosted its stake in Franklin Financial Network by 3,009.2% in the second quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,949 shares during the last quarter. Menta Capital LLC purchased a new stake in Franklin Financial Network during the first quarter worth approximately $252,000. American International Group Inc. boosted its stake in Franklin Financial Network by 27.5% in the first quarter. American International Group Inc. now owns 6,869 shares of the financial services provider’s stock worth $266,000 after buying an additional 1,481 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Franklin Financial Network by 1.0% in the first quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock worth $266,000 after buying an additional 65 shares during the last quarter. Institutional investors own 55.33% of the company’s stock.
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.
What are top analysts saying about Franklin Financial Network Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Franklin Financial Network Inc. and related companies.