Piper Jaffray Companies reaffirmed their neutral rating on shares of Franklin Financial Network, Inc. (NYSE:FSB) in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have a $39.00 price objective on the financial services provider’s stock, down from their previous price objective of $41.50.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Franklin Financial Network from a hold rating to a sell rating in a report on Thursday, July 13th. BidaskClub lowered Franklin Financial Network from a sell rating to a strong sell rating in a report on Friday, July 28th. Sandler O’Neill initiated coverage on Franklin Financial Network in a report on Wednesday, July 12th. They issued a hold rating and a $43.00 target price for the company. Stephens lowered Franklin Financial Network from an overweight rating to an equal weight rating and set a $38.00 target price for the company. in a report on Tuesday, October 3rd. Finally, ValuEngine lowered Franklin Financial Network from a buy rating to a hold rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $39.50.

Franklin Financial Network (FSB) traded down 0.43% on Thursday, reaching $34.95. The company’s stock had a trading volume of 70,328 shares. The stock has a market cap of $460.75 million, a PE ratio of 14.43 and a beta of 1.48. The company’s 50 day moving average price is $34.60 and its 200-day moving average price is $34.60. 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 posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.64 EPS for the quarter, missing the Zacks’ 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, equities analysts expect that Franklin Financial Network will post $2.53 EPS for the current year.

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Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of 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 worth $109,000 after buying an additional 30 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Franklin Financial Network by 3,009.2% in the 2nd quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,949 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Franklin Financial Network in the 2nd quarter worth $211,000. Goldman Sachs Group Inc. purchased a new position in shares of Franklin Financial Network in the 2nd quarter worth $214,000. Finally, Menta Capital LLC purchased a new position in shares of Franklin Financial Network in the 1st quarter worth $252,000. 59.21% of the stock is owned by institutional investors and hedge funds.

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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