Franklin Financial Network Inc. (NYSE:FSB) announced its earnings results on Tuesday. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.04. Franklin Financial Network had a net margin of 22.88% and a return on equity of 12.25%.

Franklin Financial Network (NYSE:FSB) traded down 0.14% during mid-day trading on Tuesday, reaching $35.50. 29,919 shares of the company were exchanged. The company has a market capitalization of $379.92 million, a price-to-earnings ratio of 17.19 and a beta of 1.44. The company has a 50 day moving average of $36.53 and a 200-day moving average of $32.38. Franklin Financial Network has a 1-year low of $22.83 and a 1-year high of $37.79.

Earnings History for Franklin Financial Network (NYSE:FSB)

Several analysts have recently issued reports on FSB shares. Zacks Investment Research upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, August 1st. Raymond James Financial Inc. started coverage on shares of Franklin Financial Network in a research report on Tuesday, September 6th. They set an “outperform” rating and a $40.00 target price on the stock. Bank of America Corp. cut shares of Franklin Financial Network from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Finally, Compass Point increased their price objective on shares of Franklin Financial Network from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th.

In other news, Director Greg Waldron sold 10,900 shares of Franklin Financial Network stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $32.78, for a total value of $357,302.00. Following the sale, the director now owns 8,807 shares in the company, valued at $288,693.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Henry W. Jr. Brockman sold 7,000 shares of Franklin Financial Network stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $33.86, for a total transaction of $237,020.00. Following the completion of the sale, the director now owns 45,800 shares in the company, valued at approximately $1,550,788. The disclosure for this sale can be found here. 12.36% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. raised its position in Franklin Financial Network by 69.1% in the second quarter. American International Group Inc. now owns 5,395 shares of the financial services provider’s stock worth $169,000 after buying an additional 2,205 shares during the last quarter. Teachers Advisors Inc. raised its position in Franklin Financial Network by 78.2% in the second quarter. Teachers Advisors Inc. now owns 15,083 shares of the financial services provider’s stock worth $473,000 after buying an additional 6,619 shares during the last quarter. Rhumbline Advisers acquired a new position in Franklin Financial Network during the second quarter worth $270,000. Axiom International Investors LLC DE raised its position in Franklin Financial Network by 35.6% in the second quarter. Axiom International Investors LLC DE now owns 53,749 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 14,119 shares during the last quarter. Finally, TFS Capital LLC acquired a new position in Franklin Financial Network during the second quarter worth $477,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

About Franklin Financial Network

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.

5 Day Chart for NYSE:FSB

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