Analysts expect that Franklin Financial Network Inc (NYSE:FSB) will report $31.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Franklin Financial Network’s earnings, with the highest sales estimate coming in at $31.70 million and the lowest estimate coming in at $30.89 million. Franklin Financial Network posted sales of $27.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The company is scheduled to report its next earnings report on Wednesday, October 24th.

On average, analysts expect that Franklin Financial Network will report full-year sales of $123.34 million for the current financial year, with estimates ranging from $121.48 million to $125.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $136.28 million per share, with estimates ranging from $132.76 million to $139.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Franklin Financial Network.

Franklin Financial Network (NYSE:FSB) last announced its earnings results on Wednesday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Franklin Financial Network had a net margin of 19.27% and a return on equity of 11.81%. The business had revenue of $31.05 million for the quarter, compared to analyst estimates of $29.65 million.

Several analysts have recently issued reports on FSB shares. ValuEngine upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Stephens reiterated a “hold” rating and issued a $39.00 target price on shares of Franklin Financial Network in a research report on Thursday, July 26th. Piper Jaffray Companies set a $39.00 target price on shares of Franklin Financial Network and gave the company a “hold” rating in a research report on Sunday, July 29th. Compass Point lowered shares of Franklin Financial Network from a “neutral” rating to a “sell” rating and set a $36.00 target price on the stock. in a research report on Tuesday, June 12th. Finally, Zacks Investment Research lowered shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Shares of NYSE FSB opened at $40.15 on Tuesday. Franklin Financial Network has a 52-week low of $30.80 and a 52-week high of $40.80. The stock has a market capitalization of $579.51 million, a PE ratio of 16.59, a P/E/G ratio of 1.42 and a beta of 1.06. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

In related news, insider David J. Mcdaniel sold 900 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $38.87, for a total transaction of $34,983.00. Following the transaction, the insider now directly owns 15,421 shares in the company, valued at $599,414.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin A. Herrington sold 1,400 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $38.81, for a total transaction of $54,334.00. Following the transaction, the insider now owns 20,669 shares in the company, valued at $802,163.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,176 shares of company stock worth $200,612. Company insiders own 10.56% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Franklin Financial Network during the second quarter worth about $105,000. Piedmont Investment Advisors LLC acquired a new position in Franklin Financial Network during the second quarter worth about $106,000. Acadian Asset Management LLC acquired a new position in Franklin Financial Network during the second quarter worth about $107,000. Municipal Employees Retirement System of Michigan acquired a new position in Franklin Financial Network during the second quarter worth about $128,000. Finally, State of Alaska Department of Revenue acquired a new position in Franklin Financial Network during the second quarter worth about $148,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.

Franklin Financial Network Company Profile

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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Earnings History and Estimates for Franklin Financial Network (NYSE:FSB)

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