Zacks Investment Research downgraded shares of Franklin Financial Network (NYSE:FSB) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank. The Company provides banking and financial services to small businesses, corporate entities, local Governments and individuals. It offers demand, savings, checking, NOW deposit accounts, certificates of deposit, money market deposit accounts, commercial and residential construction, commercial and installment loans, lines secured by home equity and mortgage loans as well as compliance consulting services. The company operates primarily in Brentwood, Spring Hill and the Cool Springs; the Westhaven and Berry Farms communities of Franklin, Tennessee. Franklin Financial Network, Inc. is headquartered in Franklin, Tennessee. “

A number of other analysts have also weighed in on the company. Sandler O’Neill upgraded Franklin Financial Network from a hold rating to a buy rating and set a $42.00 target price on the stock in a research note on Thursday, January 4th. ValuEngine upgraded Franklin Financial Network from a hold rating to a buy rating in a research note on Saturday, October 21st. Compass Point reiterated a buy rating and issued a $43.00 target price (down previously from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Piper Jaffray Companies reiterated a neutral rating and issued a $39.00 target price (down previously from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. Finally, 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 research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $40.00.

Franklin Financial Network (NYSE FSB) traded up $0.90 during mid-day trading on Tuesday, reaching $36.20. The company’s stock had a trading volume of 112,800 shares, compared to its average volume of 123,162. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.79 and a current ratio of 0.80. Franklin Financial Network has a twelve month low of $30.30 and a twelve month high of $44.30. The stock has a market capitalization of $459.90, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91.

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

In other news, insider David J. Mcdaniel sold 900 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total transaction of $30,429.00. Following the transaction, the insider now owns 14,149 shares of the company’s stock, valued at approximately $478,377.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.56% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FSB. Phocas Financial Corp. grew its position in shares of Franklin Financial Network by 314.4% during the 2nd quarter. Phocas Financial Corp. now owns 387,006 shares of the financial services provider’s stock worth $15,964,000 after buying an additional 293,607 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of Franklin Financial Network during the 2nd quarter worth $3,690,000. EAM Investors LLC grew its position in shares of Franklin Financial Network by 220.7% during the 2nd quarter. EAM Investors LLC now owns 120,605 shares of the financial services provider’s stock worth $4,975,000 after buying an additional 83,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Franklin Financial Network by 56.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,943 shares of the financial services provider’s stock worth $7,164,000 after buying an additional 72,126 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Franklin Financial Network by 356.5% during the 2nd quarter. New York State Common Retirement Fund now owns 88,920 shares of the financial services provider’s stock worth $3,668,000 after buying an additional 69,443 shares in the last quarter. 54.91% of the stock is currently owned by institutional investors and hedge funds.

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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.

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