Franklin Financial Network (FSB) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Franklin Financial Network (NYSE: FSB):

  • 7/27/2017 – Franklin Financial Network was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 7/13/2017 – Franklin Financial Network was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/13/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
  • 7/12/2017 – Franklin Financial Network is now covered by analysts at Sandler O’Neill. They set a “hold” rating and a $43.00 price target on the stock.
  • 7/3/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
  • 6/28/2017 – Franklin Financial Network was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
  • 6/27/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
  • 6/20/2017 – Franklin Financial Network was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “
  • 6/16/2017 – Franklin Financial Network was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “

Franklin Financial Network, Inc. (NYSE FSB) traded down 8.60% during midday trading on Thursday, reaching $36.15. 188,414 shares of the company traded hands. Franklin Financial Network, Inc. has a 12 month low of $29.85 and a 12 month high of $44.30. The firm’s 50 day moving average price is $40.56 and its 200 day moving average price is $39.62. The firm has a market capitalization of $473.28 million, a price-to-earnings ratio of 14.80 and a beta of 1.55.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.01. Franklin Financial Network had a return on equity of 12.11% and a net margin of 23.51%. The firm had revenue of $28.35 million for the quarter, compared to the consensus estimate of $30.63 million. On average, analysts expect that Franklin Financial Network, Inc. will post $2.65 earnings per share for the current year.

In other news, Director Henry W. Jr. Brockman sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were 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 of the company’s stock, valued at approximately $1,240,416. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sally P. Kimble sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $40.06, for a total transaction of $28,442.60. Following the sale, the insider now directly owns 15,364 shares of the company’s stock, valued at approximately $615,481.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,131 shares of company stock valued at $1,017,746. Insiders own 12.36% of the company’s stock.

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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