Franklin Financial Network, Inc. (NYSE:FSB) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02, Bloomberg Earnings reports. The business had revenue of $27.90 million during the quarter, compared to the consensus estimate of $30.97 million. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%.
Shares of Franklin Financial Network (FSB) traded up 3.77% during mid-day trading on Thursday, reaching $35.75. The company’s stock had a trading volume of 140,368 shares. The firm has a market cap of $471.29 million, a price-to-earnings ratio of 14.76 and a beta of 1.48. Franklin Financial Network has a 12 month low of $30.60 and a 12 month high of $44.30. The company’s 50-day moving average is $34.53 and its 200 day moving average is $34.53.
A number of analysts recently weighed in on the company. ValuEngine upgraded Franklin Financial Network from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Compass Point restated a “buy” rating and issued a $43.00 price objective (down from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Zacks Investment Research downgraded Franklin Financial Network from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. Piper Jaffray Companies restated a “neutral” rating and issued a $39.00 price objective (down from $41.50) on shares of Franklin Financial Network in a report on Thursday, October 5th. Finally, Stephens downgraded Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.20.
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.