Equities research analysts expect Franklin Financial Network Inc (NYSE:FSB) to post $31.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Franklin Financial Network’s earnings, with estimates ranging from $30.80 million to $31.20 million. Franklin Financial Network reported sales of $27.87 million during the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The firm is expected to report its next quarterly earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that Franklin Financial Network will report full-year sales of $122.70 million for the current financial year, with estimates ranging from $122.50 million to $122.90 million. For the next year, analysts expect that the business will report sales of $131.55 million, with estimates ranging from $130.40 million to $132.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Franklin Financial Network.
Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $31.30 million. Franklin Financial Network had a net margin of 19.13% and a return on equity of 11.85%.
Several analysts recently issued reports on FSB shares. Zacks Investment Research raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, October 16th. TheStreet cut shares of Franklin Financial Network from a “b-” rating to a “c+” rating in a report on Monday, December 17th. Finally, Stephens reaffirmed a “hold” rating and issued a $33.00 price target on shares of Franklin Financial Network in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.50.
FSB opened at $27.78 on Thursday. The firm has a market capitalization of $414.43 million, a P/E ratio of 11.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.80. Franklin Financial Network has a 12-month low of $25.25 and a 12-month high of $41.50.
Several large investors have recently modified their holdings of FSB. SG Americas Securities LLC acquired a new stake in shares of Franklin Financial Network during the second quarter worth $105,000. MetLife Investment Advisors LLC raised its holdings in shares of Franklin Financial Network by 63.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,055 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 3,133 shares during the period. Matarin Capital Management LLC acquired a new stake in shares of Franklin Financial Network during the third quarter worth $409,000. First Trust Advisors LP raised its holdings in shares of Franklin Financial Network by 35.1% during the third quarter. First Trust Advisors LP now owns 18,485 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 4,801 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Franklin Financial Network during the third quarter worth $801,000. 66.96% of the stock is currently owned by institutional investors.
About Franklin Financial Network
Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.
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