Franklin Financial Network, Inc (NYSE:FSB) has been the object of insider selling activity recently. Sally P. Kimble, See Remarks let go of $28,443 worth of shares at an average price of $40.06 on Wed the 7th. Kimble now owns $615,482 of stock as recorded in a recent Form 4 SEC filing. Henry W. Jr. Brockman, Director disclosed the sale of 1,000 shares of FSB stock. The shares were purchased at an average price of $40.34. The Director now owns $1,081,112 of the stock per the Form 4 SEC filing.
David J. Mcdaniel, See Remarks disclosed the sale of 900 shares of (FSB). The shares were sold on May 16th for an average price of $40.22. Mcdaniel now owns $532,875 of the stock according to the SEC filing.
Franklin Financial Network, Inc., launched on April 5, 2007, is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. As of December 31, 2016, the Company operated through 12 branches in Williamson and Rutherford counties and a loan production office within the Nashville metropolitan area..
Here are a few additional firms who have increased or decreased their stake in (FSB). As of quarter end Morgan Stanley had disposed of 4 shares trimming its stake by 0.4%. The value of the company’s investment in Franklin Financial Network, Inc decreased from $42,000 to $39,000 a change of $3,000 quarter to quarter. Driehaus Capital Management LLC downsized its stake by selling 66,026 shares a decrease of 40.5%. Driehaus Capital Management LLC claims 97,049 shares valued at $3,761,000. The value of the position overall is down by 44.9%.
Fj Capital Management LLC trimmed its holdings by shedding 9,300 shares a decrease of 2.9% in the quarter. Fj Capital Management LLC currently owns 312,800 shares with a value of $12,122,000. The total value of its holdings decreased 10.1%. State Street Corp added to its position by buying 15,337 shares an increase of 9.4% from 12/31/2016 to 03/31/2017. State Street Corp now controls 178,084 shares worth $6,903,000. The value of the position overall is up by 1.4%.
Equity analyst PiperJaffray issued its first research report on the stock with a rating of “Overweight”. On September 6 analysts at Raymond James released its first research report on the stock giving it an initial rating of “Outperform”.
Stephens & Co. started covering FSB setting a rating of “Equalweight” and setting a price target of $26.00. On June 19, 2015 Wunderlich added the stock to its research portfolio by announcing an initial rating of “Buy” and establishing a price target of $28.00.
On May 8 analysts at Compass Point started coverage with an initial rating of “Buy” and projecting a price target of $27.00. On April 20, 2015 Bank of America starting coverage on FSB with an initial rating of “Buy” and a price target of $27.00.
The company is up by 3.08% since yesterday’s close of $40.55. Company chares are trading at $41.80 a bit higher than the 50 day moving average of $40.62 and which is marginally higher than the 200 day moving average of $39.35. The 50 day moving average moved up $1.18 whereas the 200 day average was up by +6.22%.
The company currently has a P/E ratio of 17.12 and the market cap is 547.25M. In the latest earnings report the EPS was $2.44 and is estimated to be $2.67 for the current year with 13,092,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.70 and the next full year EPS is projected to be $3.38.