Franklin Financial Network, Inc. (NYSE:FSB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “

FSB has been the subject of several other research reports. Sandler O’Neill started coverage on shares of Franklin Financial Network in a research report on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price target for the company. BidaskClub cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Piper Jaffray Companies cut shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $41.00 in a research report on Thursday, July 27th. ValuEngine cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Hovde Group started coverage on shares of Franklin Financial Network in a research report on Friday, August 4th. They issued a “market perform” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Franklin Financial Network presently has a consensus rating of “Hold” and a consensus price target of $41.75.

Franklin Financial Network (NYSE:FSB) opened at 35.95 on Tuesday. Franklin Financial Network has a 1-year low of $29.85 and a 1-year high of $42.80. The company has a 50-day moving average of $33.44 and a 200-day moving average of $33.44. The company has a market capitalization of $473.93 million, a P/E ratio of 14.84 and a beta of 1.46.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $28.35 million during the quarter, compared to analysts’ expectations of $30.63 million. Franklin Financial Network had a net margin of 23.50% and a return on equity of 11.80%. Equities analysts expect that Franklin Financial Network will post $2.53 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Upgrades Franklin Financial Network, Inc. (FSB) to “Hold”” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/28/zacks-investment-research-upgrades-franklin-financial-network-inc-fsb-to-hold.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Franklin Financial Network by 1.1% during the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 30 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Franklin Financial Network by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,837 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 33 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Franklin Financial Network by 1.0% during the 1st quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 65 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Franklin Financial Network by 2.0% during the 2nd quarter. Greenwood Capital Associates LLC now owns 18,642 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 361 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Franklin Financial Network by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,497 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 59.21% 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.

Receive News & Stock Ratings for Franklin Financial Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Financial Network Inc. and related stocks with our FREE daily email newsletter.