BidaskClub lowered shares of Franklin Financial Network, Inc. (NYSE:FSB) from a sell rating to a strong sell rating in a report released on Friday.

Several other research analysts have also recently commented on the company. Zacks Investment Research cut Franklin Financial Network from a buy rating to a hold rating in a research note on Tuesday, April 25th. Stephens reissued a buy rating on shares of Franklin Financial Network in a research note on Wednesday, April 26th. Sandler O’Neill started coverage on Franklin Financial Network in a research note on Wednesday, July 12th. They set a hold rating and a $43.00 target price for the company. Finally, Piper Jaffray Companies cut Franklin Financial Network from an overweight rating to a neutral rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Thursday, July 27th. Two equities 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 company currently has a consensus rating of Hold and a consensus price target of $42.25.

Shares of Franklin Financial Network (FSB) traded down 0.43% during midday trading on Friday, reaching $34.40. The company had a trading volume of 9,614 shares. Franklin Financial Network has a 52 week low of $29.85 and a 52 week high of $44.30. The company’s 50 day moving average price is $40.07 and its 200-day moving average price is $39.49. The company has a market capitalization of $453.43 million, a P/E ratio of 14.20 and a beta of 1.55.

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

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In other news, insider David J. Mcdaniel sold 900 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 14,149 shares of the company’s stock, valued at approximately $569,072.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Henry W. Jr. Brockman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $43.07, for a total value of $129,210.00. Following the transaction, the director now directly owns 28,800 shares of the company’s stock, valued at $1,240,416. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,131 shares of company stock valued at $1,017,746. Insiders own 12.36% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in Franklin Financial Network by 1.1% in the first quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after buying an additional 30 shares in the last quarter. Menta Capital LLC acquired a new position in Franklin Financial Network during the first quarter valued at about $252,000. American International Group Inc. boosted its position in Franklin Financial Network by 27.5% in the first quarter. American International Group Inc. now owns 6,869 shares of the financial services provider’s stock valued at $266,000 after buying an additional 1,481 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Franklin Financial Network by 1.0% in the first quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock valued at $266,000 after buying an additional 65 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Franklin Financial Network during the first quarter valued at about $412,000. 56.07% of the stock is owned by institutional investors and hedge funds.

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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