Franklin Financial Network Inc (FSB) Insider Kevin A. Herrington Sells 300 Shares

Franklin Financial Network Inc (NYSE:FSB) insider Kevin A. Herrington sold 300 shares of Franklin Financial Network stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $34.26, for a total value of $10,278.00. Following the completion of the transaction, the insider now directly owns 14,333 shares of the company’s stock, valued at $491,048.58. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Franklin Financial Network Inc (NYSE FSB) traded up $1.10 during mid-day trading on Friday, reaching $35.10. The company’s stock had a trading volume of 534,877 shares, compared to its average volume of 70,307. The firm has a market cap of $463.88, a P/E ratio of 14.33, a P/E/G ratio of 1.41 and a beta of 1.41. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.79. Franklin Financial Network Inc has a fifty-two week low of $30.30 and a fifty-two week high of $44.30.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $27.90 million during the quarter, compared to the consensus estimate of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. equities research analysts expect that Franklin Financial Network Inc will post 2.49 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in 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 valued at $109,000 after purchasing an additional 30 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Franklin Financial Network by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,837 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 33 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in Franklin Financial Network by 2.0% in the second quarter. Greenwood Capital Associates LLC now owns 18,642 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 361 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Franklin Financial Network by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,497 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 404 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Franklin Financial Network by 1.2% in the second quarter. Victory Capital Management Inc. now owns 35,724 shares of the financial services provider’s stock worth $1,474,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 54.91% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research raised Franklin Financial Network from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine raised Franklin Financial Network from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $39.00 target price (down from $41.50) on shares of Franklin Financial Network in a research report on Thursday, October 5th. 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 research report on Tuesday, October 3rd. Finally, Compass Point reaffirmed a “buy” rating and issued a $43.00 target price (down from $47.00) on shares of Franklin Financial Network in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Franklin Financial Network currently has an average rating of “Hold” and an average price target of $40.20.

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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.

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

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