Franklin Financial Network, Inc. (NYSE:FSB) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, MarketBeat reports.

FSB has been the subject of several other reports. ValuEngine lowered Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Piper Jaffray Companies lowered shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and cut their price target for the company from $45.00 to $41.00 in a research note on Thursday, July 27th. Finally, Sandler O’Neill initiated coverage on shares of Franklin Financial Network in a report on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price target for the company. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Franklin Financial Network currently has an average rating of “Hold” and a consensus price target of $41.75.

Shares of Franklin Financial Network (NYSE FSB) traded down 3.99% during midday trading on Tuesday, reaching $34.85. The company’s stock had a trading volume of 121,581 shares. The company has a market cap of $459.43 million, a price-to-earnings ratio of 14.39 and a beta of 1.48. The stock has a 50-day moving average of $34.49 and a 200 day moving average of $34.49. Franklin Financial Network has a 12 month low of $29.85 and a 12 month high of $42.80.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results 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 business had revenue of $28.35 million during the quarter, compared to the consensus estimate of $30.63 million. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. On average, analysts predict that Franklin Financial Network will post $2.53 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its position in Franklin Financial Network by 15.8% in the 2nd quarter. Royce & Associates LP now owns 61,400 shares of the financial services provider’s stock valued at $2,533,000 after buying an additional 8,400 shares during the last quarter. Legal & General Group Plc lifted its stake in Franklin Financial Network by 1.1% in the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 30 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in Franklin Financial Network by 2.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 18,642 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 361 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Franklin Financial Network by 12.4% in the 1st quarter. Bank of New York Mellon Corp now owns 54,674 shares of the financial services provider’s stock valued at $2,118,000 after acquiring an additional 6,012 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in Franklin Financial Network by 18.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 39,679 shares of the financial services provider’s stock valued at $1,637,000 after acquiring an additional 6,089 shares in the last quarter. 59.21% of the stock is owned by institutional investors.

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.

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