Franklin Financial Network Inc (NYSE:FSB) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.33.
FSB has been the topic of a number of research analyst reports. Compass Point reiterated a “buy” rating and issued a $43.00 price target (down previously from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Zacks Investment Research lowered shares of Franklin Financial Network from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. Sandler O’Neill upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, January 4th. Stephens lowered shares of Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a report on Tuesday, October 3rd. Finally, Hovde Group reiterated a “hold” rating on shares of Franklin Financial Network in a report on Friday, January 26th.
Shares of Franklin Financial Network (FSB) remained flat at $$32.60 on Friday. 3,936 shares of the company’s stock traded hands, compared to its average volume of 129,410. The company has a market cap of $431.53, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.41. Franklin Financial Network has a one year low of $30.30 and a one year high of $44.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.79 and a current ratio of 0.80.
A number of institutional investors have recently added to or reduced their stakes in FSB. Citigroup Inc. increased its stake in Franklin Financial Network by 3,009.2% during the 2nd 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 period. Voya Investment Management LLC acquired a new position in Franklin Financial Network during the 2nd quarter worth $211,000. Smith Moore & CO. acquired a new position in Franklin Financial Network during the 3rd quarter worth $214,000. Goldman Sachs Group Inc. acquired a new position in Franklin Financial Network during the 2nd quarter worth $214,000. Finally, Principal Financial Group Inc. acquired a new position in Franklin Financial Network during the 2nd quarter worth $293,000. 52.63% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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