Wall Street brokerages expect Franklin Financial Network Inc (NYSE:FSB) to announce earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Franklin Financial Network’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.67. Franklin Financial Network reported earnings per share of $0.61 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The company is expected to issue its next earnings results on Wednesday, January 22nd.
According to Zacks, analysts expect that Franklin Financial Network will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.13 to $2.14. For the next financial year, analysts forecast that the firm will report earnings of $2.77 per share, with EPS estimates ranging from $2.72 to $2.86. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Franklin Financial Network.
Franklin Financial Network (NYSE:FSB) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $33.06 million for the quarter, compared to analysts’ expectations of $32.58 million. Franklin Financial Network had a net margin of 11.55% and a return on equity of 8.04%.
A number of brokerages have recently commented on FSB. ValuEngine raised shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Stephens raised shares of Franklin Financial Network from an “equal” rating to a “weight” rating and set a $34.00 target price on the stock in a report on Friday, July 26th. Zacks Investment Research cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Piper Jaffray Companies cut shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $33.50 to $35.50 in a report on Friday, October 25th. Finally, Sandler O’Neill cut shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.30.
In related news, Director James W. Iv Cross sold 2,000 shares of Franklin Financial Network stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.16, for a total value of $60,320.00. Following the transaction, the director now directly owns 29,463 shares in the company, valued at approximately $888,604.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.70% of the company’s stock.
A number of large investors have recently bought and sold shares of FSB. Synovus Financial Corp purchased a new position in Franklin Financial Network in the 3rd quarter valued at $30,000. Tower Research Capital LLC TRC purchased a new position in Franklin Financial Network in the 3rd quarter valued at $87,000. Mason Street Advisors LLC grew its position in Franklin Financial Network by 9.4% in the 3rd quarter. Mason Street Advisors LLC now owns 4,519 shares of the financial services provider’s stock valued at $137,000 after buying an additional 389 shares during the last quarter. Aperio Group LLC purchased a new position in Franklin Financial Network in the 2nd quarter valued at $160,000. Finally, State of Tennessee Treasury Department grew its position in Franklin Financial Network by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 5,306 shares of the financial services provider’s stock valued at $160,000 after buying an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 62.47% of the company’s stock.
Shares of Franklin Financial Network stock traded down $0.01 during trading on Friday, reaching $33.33. The company’s stock had a trading volume of 28,172 shares, compared to its average volume of 72,676. The company has a 50-day moving average price of $32.07 and a two-hundred day moving average price of $29.31. The firm has a market cap of $493.01 million, a PE ratio of 12.30 and a beta of 1.38. Franklin Financial Network has a fifty-two week low of $25.25 and a fifty-two week high of $35.17. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. This is a positive change from Franklin Financial Network’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, November 14th. Franklin Financial Network’s dividend payout ratio (DPR) is 8.86%.
Franklin Financial Network Company Profile
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.
Recommended Story: Cost of Equity
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franklin Financial Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Financial Network and related companies with MarketBeat.com's FREE daily email newsletter.