Franklin Financial Network (NYSE:FSB) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04, Fidelity Earnings reports. The company had revenue of $32.87 million for the quarter, compared to analyst estimates of $32.36 million. Franklin Financial Network had a return on equity of 8.04% and a net margin of 11.55%.
Shares of FSB opened at $34.15 on Wednesday. The stock has a market cap of $507.14 million, a price-to-earnings ratio of 22.32 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.68. Franklin Financial Network has a 12 month low of $26.06 and a 12 month high of $35.49. The company has a 50-day moving average price of $34.20 and a two-hundred day moving average price of $31.32.
A number of research analysts recently commented on FSB shares. Zacks Investment Research lowered Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Companies cut Franklin Financial Network from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $33.50 to $35.50 in a research report on Friday, October 25th. Finally, Stephens initiated coverage on shares of Franklin Financial Network in a research note on Monday, November 25th. They set a “buy” rating and a $38.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.70.
About Franklin Financial Network
Franklin Financial Network, Inc operates as the bank holding company for Franklin Synergy Bank that provides banking and related financial services to small businesses, corporate entities, local governments, and individuals. Its deposit products include checking, savings, and certificate of deposit accounts; and demand deposits, interest-bearing transaction accounts, money market accounts, and municipal deposits.
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