Somewhat Positive News Coverage Somewhat Unlikely to Impact Franklin Financial Network (FSB) Stock Price
News headlines about Franklin Financial Network (NYSE:FSB) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Financial Network earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.676018256335 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
FSB has been the subject of a number of research reports. ValuEngine upgraded Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Compass Point reaffirmed a “buy” rating and set a $43.00 price objective (down previously from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Stephens lowered Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a report on Tuesday, October 3rd. Zacks Investment Research raised Franklin Financial Network from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Hovde Group began coverage on Franklin Financial Network in a report on Friday, August 4th. They issued a “market perform” rating and a $38.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Franklin Financial Network has a consensus rating of “Hold” and an average price target of $40.20.
Shares of Franklin Financial Network (FSB) opened at $34.20 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market capitalization of $451.97, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Franklin Financial Network has a twelve month low of $30.30 and a twelve month high of $44.30.
In other news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total value of $30,429.00. Following the sale, the insider now directly owns 14,149 shares in the company, valued at $478,377.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.56% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/24/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-franklin-financial-network-fsb-stock-price.html.
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.