Today: Today, Franklin Financial Network Inc. (FSB) Insider Buys $32,000.00 in Stock

Today, Franklin Financial Network Inc. (FSB) Insider Buys $32,000.00 in Stock

Franklin Financial Network Inc. (NYSE:FSB) insider Richard Herrington bought 1,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was acquired at an average price of $32.00 per share, for a total transaction of $32,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Franklin Financial Network Inc. (NYSE:FSB) opened at 37.50 on Friday. The firm’s 50-day moving average is $34.12 and its 200-day moving average is $33.37. Franklin Financial Network Inc. has a one year low of $22.83 and a one year high of $37.79. The company has a market cap of $403.43 million, a PE ratio of 16.90 and a beta of 1.58.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.04. Franklin Financial Network had a net margin of 23.03% and a return on equity of 12.71%. On average, equities analysts anticipate that Franklin Financial Network Inc. will post $2.41 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Franklin Financial Network during the second quarter worth about $10,020,000. American Century Companies Inc. increased its stake in Franklin Financial Network by 627.5% in the second quarter. American Century Companies Inc. now owns 60,170 shares of the financial services provider’s stock worth $1,887,000 after buying an additional 51,899 shares during the period. Monarch Partners Asset Management LLC increased its stake in Franklin Financial Network by 23.0% in the second quarter. Monarch Partners Asset Management LLC now owns 20,295 shares of the financial services provider’s stock worth $636,000 after buying an additional 3,800 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in Franklin Financial Network by 16.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 170,772 shares of the financial services provider’s stock worth $5,355,000 after buying an additional 24,690 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in Franklin Financial Network by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 19,356 shares of the financial services provider’s stock worth $607,000 after buying an additional 213 shares during the period. Institutional investors own 44.87% of the company’s stock.

Several equities analysts recently commented on FSB shares. Zacks Investment Research upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Monday, August 1st. Raymond James Financial Inc. started coverage on Franklin Financial Network in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Piper Jaffray Cos. started coverage on Franklin Financial Network in a research note on Tuesday. They issued an “overweight” rating and a $41.50 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.88.

Franklin Financial Network Company Profile

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