Today it was reported that an Insider at Franklin Financial Network (FSB), Myers Jones, exercised options to buy 4,000 FSB shares at $11.75 a share, for a total transaction value of $47K.
Following this transaction Myers Jones’ holding in the company was increased by 28.22% to a total of $504.7K.
See today’s analyst top recommended stocks >>
Based on Franklin Financial Network’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $51.01 million and quarterly net profit of $2.87 million. In comparison, last year the company earned revenue of $41.5 million and had a net profit of $9.98 million. FSB’s market cap is $404.7M and the company has a P/E ratio of 15.26. Currently, Franklin Financial Network has an average volume of 80.74K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $32.50, reflecting a 17.3% upside.
The insider sentiment on Franklin Financial Network has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
