Brokerages Set Franklin Financial Network Inc (FSB) Price Target at $40.25

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.

In related news, insider David J. Mcdaniel sold 900 shares of Franklin Financial Network stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $33.81, for a total transaction of $30,429.00. Following the sale, the insider now owns 14,149 shares of the company’s stock, valued at approximately $478,377.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.56% of the company’s stock.

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.

Analyst Recommendations for Franklin Financial Network (NYSE:FSB)

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