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 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.
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