Equities analysts expect that Franklin Financial Network Inc (NYSE:FSB) will post $31.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Franklin Financial Network’s earnings. The highest sales estimate is $31.40 million and the lowest is $30.89 million. Franklin Financial Network posted sales of $27.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.6%. The company is expected to issue its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Franklin Financial Network will report full-year sales of $122.24 million for the current financial year, with estimates ranging from $121.48 million to $123.00 million. For the next year, analysts expect that the business will post sales of $134.83 million per share, with estimates ranging from $132.76 million to $136.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Franklin Financial Network.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Franklin Financial Network had a return on equity of 12.24% and a net margin of 19.27%. The business had revenue of $31.05 million for the quarter, compared to the consensus estimate of $29.65 million.

FSB has been the subject of several analyst reports. Zacks Investment Research upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, August 1st. Compass Point lowered Franklin Financial Network from a “neutral” rating to a “sell” rating and set a $36.00 price target for the company. in a research note on Tuesday, June 12th. ValuEngine upgraded Franklin Financial Network from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Piper Jaffray Companies restated a “hold” rating and set a $39.00 price target on shares of Franklin Financial Network in a research note on Monday, July 30th. Finally, Stephens restated a “hold” rating and set a $39.00 price target on shares of Franklin Financial Network in a research note on Thursday, July 26th. Seven research analysts have rated the stock with 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 target price of $39.80.

Shares of NYSE:FSB traded up $0.40 on Wednesday, hitting $39.25. The company had a trading volume of 59,964 shares, compared to its average volume of 116,424. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 1.23. Franklin Financial Network has a 52-week low of $30.30 and a 52-week high of $40.30. The company has a market capitalization of $549.80 million, a P/E ratio of 16.22, a P/E/G ratio of 1.37 and a beta of 1.10.

In related news, CFO Sarah L. Meyerrose sold 876 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $39.15, for a total value of $34,295.40. Following the completion of the transaction, the chief financial officer now owns 9,255 shares of the company’s stock, valued at $362,333.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah L. Meyerrose sold 2,000 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $38.50, for a total value of $77,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,255 shares of the company’s stock, valued at approximately $279,317.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,107 shares of company stock valued at $534,849. Insiders own 11.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FSB. BlackRock Inc. boosted its holdings in Franklin Financial Network by 132.4% in the second quarter. BlackRock Inc. now owns 1,767,874 shares of the financial services provider’s stock valued at $66,473,000 after purchasing an additional 1,007,023 shares during the last quarter. Bank of Montreal Can purchased a new position in Franklin Financial Network in the second quarter valued at about $15,718,000. Royce & Associates LP boosted its holdings in Franklin Financial Network by 164.0% in the second quarter. Royce & Associates LP now owns 268,640 shares of the financial services provider’s stock valued at $10,101,000 after purchasing an additional 166,895 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Franklin Financial Network by 40.1% in the first quarter. Dimensional Fund Advisors LP now owns 453,310 shares of the financial services provider’s stock valued at $14,778,000 after purchasing an additional 129,854 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Franklin Financial Network by 88.5% in the first quarter. American Century Companies Inc. now owns 215,632 shares of the financial services provider’s stock valued at $7,030,000 after purchasing an additional 101,228 shares during the last quarter. 53.31% of the stock is owned by hedge funds and other institutional investors.

Franklin Financial Network Company Profile

Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.

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Earnings History and Estimates for Franklin Financial Network (NYSE:FSB)

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