Stephens Keeps Their Hold Rating on Franklin Financial Network (FSB)

By Austin Angelo

Stephens analyst Tyler Stafford maintained a Hold rating on Franklin Financial Network (FSBResearch Report) today and set a price target of $38. The company’s shares closed yesterday at $28.36.

Stafford observed:

“We reiterate our EW rating. KEY POINTS: Positives. PPNR was solid at $12.8 mil. (vs. our $12.0 mil.). HFI loan growth of 22% LQA more than doubled estimates (vs. our 10% and Street’s 8%). Core NIM expanded 12 bps to 2.79% (vs. our 2.66%), largely driven by a tighter B/S (flat EA) and strong securities yield re-positioning (+22 bps) and core loan yield expansion (+13 bps). Expenses of $18.5 mil. came in below our $18.8 mil. and Street’s $19.0 mil.”

According to, Stafford is a 4-star analyst with an average return of 5.5% and a 59.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Franklin Financial Network with a $38 average price target.

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Based on Franklin Financial Network’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $3.69 million. In comparison, last year the company had a net profit of $9.98 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2019, David McDaniel, the EVP, Chief Lending Officer of Franklin Synergy Ban of FSB sold 1,500 shares for a total of $49,365.

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Franklin Financial Network, Inc. is a bank holding company for Franklin Synergy Bank, which engages in the provision of banking and financial services to small businesses, corporate entities, local governments, and individuals.