Franklin Financial Network Inc. (NYSE:FSB) was down 1.4% during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $32.95 and last traded at $35.00, with a volume of 82,186 shares changing hands. The stock had previously closed at $35.50.

The financial services provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Franklin Financial Network had a return on equity of 12.25% and a net margin of 22.88%.

Several equities analysts have recently weighed in 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 price objective on the stock in a research note on Monday, August 1st. Raymond James Financial Inc. started coverage on shares of Franklin Financial Network in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $40.00 price objective on the stock. Bank of America Corp. cut shares of Franklin Financial Network from a “buy” rating to a “neutral” rating in a research note 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 note on Wednesday, July 27th.

In related news, Director Jimmy E. Allen sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director now directly owns 109,374 shares of the company’s stock, valued at approximately $3,828,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry W. Jr. Brockman sold 7,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was 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 directly owns 45,800 shares of the company’s stock, valued at $1,550,788. The disclosure for this sale can be found here. 12.36% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in FSB. Bank of Montreal Can raised its stake in Franklin Financial Network by 2.6% in the third quarter. Bank of Montreal Can now owns 327,764 shares of the financial services provider’s stock valued at $12,258,000 after buying an additional 8,258 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Franklin Financial Network by 16.0% in the second quarter. Vanguard Group Inc. now owns 260,572 shares of the financial services provider’s stock worth $8,171,000 after buying an additional 36,010 shares during the period. BlackRock Fund Advisors raised its stake in shares of Franklin Financial Network by 69.4% in the second quarter. BlackRock Fund Advisors now owns 240,533 shares of the financial services provider’s stock worth $7,543,000 after buying an additional 98,510 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of Franklin Financial Network by 16.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 170,772 shares of the financial services provider’s stock worth $5,355,000 after buying an additional 24,690 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Franklin Financial Network by 140.5% in the first quarter. JPMorgan Chase & Co. now owns 150,300 shares of the financial services provider’s stock worth $4,059,000 after buying an additional 87,800 shares during the period. 42.36% of the stock is owned by institutional investors.

The stock’s 50 day moving average price is $36.56 and its 200 day moving average price is $32.44. The company has a market capitalization of $367.61 million, a price-to-earnings ratio of 16.63 and a beta of 1.44.

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.

5 Day Chart for NYSE:FSB

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