Piper Jaffray Companies lowered shares of Franklin Financial Network, Inc. (NYSE:FSB) from an overweight rating to a neutral rating in a research report released on Thursday morning, MarketBeat.com reports. They currently have $41.00 price objective on the financial services provider’s stock, down from their prior price objective of $45.00.

A number of other equities research analysts have also issued reports on FSB. BidaskClub lowered Franklin Financial Network from a hold rating to a sell rating in a research note on Thursday, July 13th. Sandler O’Neill began coverage on Franklin Financial Network in a research note on Wednesday, July 12th. They issued a hold rating and a $43.00 target price for the company. Zacks Investment Research lowered Franklin Financial Network from a hold rating to a sell rating in a research note on Thursday, July 13th. Finally, Stephens reiterated a buy rating on shares of Franklin Financial Network in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $42.25.

Shares of Franklin Financial Network (NYSE:FSB) remained flat at $34.80 during trading on Thursday. The stock had a trading volume of 32,638 shares. The company has a 50 day moving average price of $40.28 and a 200-day moving average price of $39.56. The stock has a market cap of $458.70 million, a P/E ratio of 14.37 and a beta of 1.55. Franklin Financial Network has a 1-year low of $29.85 and a 1-year high of $44.30.

Franklin Financial Network (NYSE:FSB) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Franklin Financial Network had a net margin of 23.50% and a return on equity of 12.26%. The company had revenue of $28.35 million during the quarter, compared to analyst estimates of $30.63 million. Analysts predict that Franklin Financial Network will post $2.62 earnings per share for the current fiscal year.

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In other Franklin Financial Network news, insider David J. Mcdaniel sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $40.22, for a total transaction of $36,198.00. Following the completion of the sale, the insider now owns 14,149 shares in the company, valued at approximately $569,072.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sally P. Kimble sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $40.06, for a total value of $28,442.60. Following the sale, the insider now owns 15,364 shares of the company’s stock, valued at approximately $615,481.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,131 shares of company stock valued at $1,017,746. 12.36% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Franklin Financial Network by 11.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 206,857 shares of the financial services provider’s stock worth $8,016,000 after buying an additional 21,596 shares during the period. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Franklin Financial Network during the first quarter worth $1,550,000. Context BH Capital Management LP raised its stake in shares of Franklin Financial Network by 40.9% in the first quarter. Context BH Capital Management LP now owns 108,536 shares of the financial services provider’s stock worth $4,206,000 after buying an additional 31,479 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Franklin Financial Network by 12.4% in the first quarter. Bank of New York Mellon Corp now owns 54,674 shares of the financial services provider’s stock worth $2,118,000 after buying an additional 6,012 shares during the period. Finally, Monarch Partners Asset Management LLC raised its stake in shares of Franklin Financial Network by 41.6% in the first quarter. Monarch Partners Asset Management LLC now owns 162,262 shares of the financial services provider’s stock worth $6,288,000 after buying an additional 47,645 shares during the period. Hedge funds and other institutional investors own 56.07% of the company’s stock.

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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