Franklin Financial Network (FSB) Lowered to “Sell” at Compass Point

Compass Point cut shares of Franklin Financial Network (NYSE:FSB) from a neutral rating to a sell rating in a report published on Monday, April 8th, The Fly reports.

Several other analysts have also weighed in on the stock. Piper Jaffray Companies upgraded shares of Franklin Financial Network from a neutral rating to an overweight rating and set a $38.00 target price for the company in a research note on Monday, January 28th. ValuEngine lowered shares of Franklin Financial Network from a hold rating to a sell rating in a research note on Monday, March 11th. TheStreet lowered shares of Franklin Financial Network from a b- rating to a c+ rating in a research note on Monday, December 17th. Finally, Zacks Investment Research upgraded shares of Franklin Financial Network from a sell rating to a hold rating and set a $36.00 price target for the company in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $34.80.

FSB traded up $0.79 during trading on Monday, hitting $28.87. The company had a trading volume of 44,752 shares, compared to its average volume of 86,779. The stock has a market capitalization of $420.75 million, a PE ratio of 10.65 and a beta of 1.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. Franklin Financial Network has a 1-year low of $25.25 and a 1-year high of $41.50.

Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). Franklin Financial Network had a net margin of 14.39% and a return on equity of 9.98%. The company had revenue of $30.91 million during the quarter, compared to analyst estimates of $31.45 million. On average, equities research analysts forecast that Franklin Financial Network will post 2.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.55%. Franklin Financial Network’s dividend payout ratio is presently 5.90%.

In related news, Director Henry W. Jr. Brockman sold 1,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $34.55, for a total value of $34,550.00. Following the completion of the transaction, the director now owns 30,975 shares in the company, valued at approximately $1,070,186.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FSB. Quantamental Technologies LLC acquired a new stake in Franklin Financial Network in the 4th quarter valued at about $29,000. Pinnacle Financial Partners Inc. acquired a new stake in Franklin Financial Network in the 1st quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Franklin Financial Network by 104.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,287 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 659 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Franklin Financial Network by 67,375.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,699 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Franklin Financial Network in the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Franklin Financial Network

Franklin Financial Network, Inc operates as the bank holding company for Franklin Synergy Bank that provides banking and related financial services to small businesses, corporate entities, local governments, and individuals. Its deposit products include checking, savings, and certificate of deposit accounts; and demand deposits, interest-bearing transaction accounts, money market accounts, and municipal deposits.

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