Franklin Financial Network Inc (NYSE:FSB) Director Pamela J. Stephens bought 1,000 shares of Franklin Financial Network stock in a transaction that occurred on Monday, January 28th. The stock was bought at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the director now owns 12,633 shares in the company, valued at approximately $399,834.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:FSB opened at $33.38 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.15. Franklin Financial Network Inc has a one year low of $25.25 and a one year high of $41.50. The stock has a market cap of $467.29 million, a price-to-earnings ratio of 12.32 and a beta of 1.54.
Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business had revenue of $26.54 million for the quarter, compared to the consensus estimate of $31.00 million. Franklin Financial Network had a return on equity of 11.69% and a net margin of 19.11%. As a group, equities analysts forecast that Franklin Financial Network Inc will post 2.64 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Piper Jaffray Companies raised shares of Franklin Financial Network from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a research report on Monday, January 28th. ValuEngine raised shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Stephens reissued a “hold” rating and set a $33.00 price target on shares of Franklin Financial Network in a research report on Thursday, October 25th. Finally, TheStreet cut shares of Franklin Financial Network from a “b-” rating to a “c+” rating in a research report on Monday, December 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.75.
Several hedge funds have recently modified their holdings of FSB. Quantamental Technologies LLC bought a new stake in shares of Franklin Financial Network in the 4th quarter valued at about $29,000. SG Americas Securities LLC bought a new stake in shares of Franklin Financial Network in the 2nd quarter valued at about $105,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Franklin Financial Network in the 4th quarter valued at about $122,000. Texas Permanent School Fund raised its holdings in shares of Franklin Financial Network by 4.3% in the 4th quarter. Texas Permanent School Fund now owns 7,985 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 328 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Franklin Financial Network in the 4th quarter valued at about $266,000. 67.04% of the stock is currently owned by institutional investors.
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About Franklin Financial Network
Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.
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