Franklin Financial Network Inc. (NYSE:FSB) insider Richard Herrington bought 1,000 shares of Franklin Financial Network stock in a transaction on Monday, November 21st. The shares were purchased at an average price of $32.00 per share, for a total transaction of $32,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Franklin Financial Network Inc. (NYSE:FSB) opened at 37.50 on Thursday. The stock has a market capitalization of $403.43 million, a price-to-earnings ratio of 16.90 and a beta of 1.58. Franklin Financial Network Inc. has a 1-year low of $22.83 and a 1-year high of $37.79. The stock has a 50 day moving average price of $34.12 and a 200 day moving average price of $33.37.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Franklin Financial Network had a net margin of 23.03% and a return on equity of 12.71%. Equities research analysts anticipate that Franklin Financial Network Inc. will post $2.41 EPS for the current year.

Insider Buying and Selling by Quarter for Franklin Financial Network (NYSE:FSB)

A number of analysts have recently commented on the company. Piper Jaffray Cos. assumed coverage on Franklin Financial Network in a research report on Tuesday. They issued an “overweight” rating and a $41.50 price target on the stock. Raymond James Financial Inc. assumed coverage on Franklin Financial Network in a research report on Tuesday, September 6th. They issued an “outperform” rating and a $40.00 price target on the stock. Zacks Investment Research raised Franklin Financial Network from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, August 1st. Finally, Compass Point upped their price objective on Franklin Financial Network from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.88.

A number of institutional investors have recently modified their holdings of FSB. Bank of Montreal Can acquired a new position in shares of Franklin Financial Network during the second quarter valued at about $10,020,000. BlackRock Fund Advisors raised its position 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 valued at $7,543,000 after buying an additional 98,510 shares during the last quarter. State Street Corp raised its position in shares of Franklin Financial Network by 85.1% in the second quarter. State Street Corp now owns 129,253 shares of the financial services provider’s stock valued at $4,055,000 after buying an additional 59,407 shares during the last quarter. American Century Companies Inc. raised its position in shares of Franklin Financial Network by 627.5% in the second quarter. American Century Companies Inc. now owns 60,170 shares of the financial services provider’s stock valued at $1,887,000 after buying an additional 51,899 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of Franklin Financial Network during the third quarter valued at about $1,565,000. 44.87% of the stock is currently owned by institutional investors.

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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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