Franklin Financial Network, Inc. (NYSE:FSB) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday. They presently have a $38.00 target price on the financial services provider’s stock. Stephens’ price objective suggests a potential upside of 9.67% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Piper Jaffray Companies cut shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $41.00 in a research note on Thursday, July 27th. Sandler O’Neill assumed coverage on shares of Franklin Financial Network in a research note on Wednesday, July 12th. They issued a “hold” rating and a $43.00 price target for the company. BidaskClub cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, ValuEngine cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Franklin Financial Network currently has an average rating of “Hold” and a consensus target price of $39.50.

Shares of Franklin Financial Network (FSB) traded up 1.01% on Tuesday, reaching $35.00. 7,954 shares of the company were exchanged. Franklin Financial Network has a 12-month low of $29.85 and a 12-month high of $42.80. The company’s 50 day moving average is $34.55 and its 200 day moving average is $34.55. The firm has a market capitalization of $461.40 million, a PE ratio of 14.45 and a beta of 1.48.

Franklin Financial Network (NYSE:FSB) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $28.35 million during the quarter, compared to analysts’ expectations of $30.63 million. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. Analysts forecast that Franklin Financial Network will post $2.53 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in Franklin Financial Network by 15.8% in the 2nd quarter. Royce & Associates LP now owns 61,400 shares of the financial services provider’s stock worth $2,533,000 after buying an additional 8,400 shares in the last quarter. Legal & General Group Plc grew its stake in Franklin Financial Network by 1.1% in the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock worth $109,000 after buying an additional 30 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in Franklin Financial Network by 2.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 18,642 shares of the financial services provider’s stock worth $769,000 after buying an additional 361 shares in the last quarter. EAM Investors LLC grew its stake in Franklin Financial Network by 220.7% in 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. Finally, Bank of New York Mellon Corp grew its stake in Franklin Financial Network by 12.4% in the 1st 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 in the last quarter. 59.21% of the stock is owned by institutional investors and hedge funds.

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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