Franklin Financial Network Inc (NYSE:FSB) insider Kevin A. Herrington sold 300 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $34.26, for a total value of $10,278.00. Following the transaction, the insider now directly owns 14,333 shares of the company’s stock, valued at $491,048.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Franklin Financial Network Inc (NYSE:FSB) traded up $1.10 on Friday, reaching $35.10. The company had a trading volume of 534,877 shares, compared to its average volume of 70,307. Franklin Financial Network Inc has a 1 year low of $30.30 and a 1 year high of $44.30. The firm has a market cap of $463.88, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.41. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.79.

Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $30.97 million. equities research analysts anticipate that Franklin Financial Network Inc will post 2.49 EPS for the current year.

FSB has been the subject of several analyst reports. ValuEngine raised Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Compass Point reissued a “buy” rating and set a $43.00 target price (down from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Stephens cut Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 target price for the company. in a research note on Tuesday, October 3rd. Zacks Investment Research raised Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $39.00 target price (down from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Franklin Financial Network presently has a consensus rating of “Hold” and an average price target of $40.20.

Several large investors have recently added to or reduced their stakes in FSB. Teachers Advisors LLC boosted its position in shares of Franklin Financial Network by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 18,285 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 636 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Franklin Financial Network by 1.1% during the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 30 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Franklin Financial Network by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 465,807 shares of the financial services provider’s stock worth $18,049,000 after acquiring an additional 42,871 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Franklin Financial Network by 10.4% during the 1st quarter. Geode Capital Management LLC now owns 96,189 shares of the financial services provider’s stock worth $3,727,000 after acquiring an additional 9,038 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Franklin Financial Network by 278.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 79,701 shares of the financial services provider’s stock worth $3,088,000 after acquiring an additional 58,640 shares in the last quarter. 54.91% of the stock is 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.

Insider Buying and Selling by Quarter for Franklin Financial Network (NYSE:FSB)

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