Royce & Associates LP raised its stake in Franklin Financial Network Inc (NYSE:FSB) by 16.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,624 shares of the financial services provider’s stock after buying an additional 10,224 shares during the quarter. Royce & Associates LP owned 0.54% of Franklin Financial Network worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSB. Dimensional Fund Advisors LP boosted its stake in shares of Franklin Financial Network by 56.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,943 shares of the financial services provider’s stock worth $7,164,000 after acquiring an additional 72,126 shares during the period. Salzhauer Michael boosted its stake in Franklin Financial Network by 37.3% in the 3rd quarter. Salzhauer Michael now owns 79,819 shares of the financial services provider’s stock valued at $2,846,000 after purchasing an additional 21,686 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Franklin Financial Network by 25.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 23,164 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 4,700 shares during the period. Citadel Advisors LLC acquired a new position in Franklin Financial Network in the 3rd quarter valued at $888,000. Finally, Context BH Capital Management LP raised its holdings in Franklin Financial Network by 43.7% in the 3rd quarter. Context BH Capital Management LP now owns 157,448 shares of the financial services provider’s stock valued at $5,613,000 after acquiring an additional 47,912 shares in the last quarter. 54.91% of the stock is currently owned by institutional investors.
Franklin Financial Network Inc (NYSE FSB) traded up $0.90 during mid-day trading on Thursday, reaching $36.20. The company had a trading volume of 112,862 shares, compared to its average volume of 123,170. Franklin Financial Network Inc has a fifty-two week low of $30.30 and a fifty-two week high of $44.30. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.30. The firm has a market cap of $459.90, a P/E ratio of 14.60, a P/E/G ratio of 1.25 and a beta of 0.91.
Franklin Financial Network (NYSE:FSB) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $27.90 million for the quarter, compared to the consensus estimate of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. equities analysts predict that Franklin Financial Network Inc will post 2.49 EPS for the current year.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Tuesday. Sandler O’Neill upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, January 4th. ValuEngine upgraded Franklin Financial Network from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Compass Point restated a “buy” rating and set a $43.00 price objective (down previously from $47.00) on shares of Franklin Financial Network in a research report on Friday, October 13th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $39.00 price target (down previously from $41.50) on shares of Franklin Financial Network in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Franklin Financial Network has an average rating of “Hold” and a consensus price target of $40.00.
In other news, insider David J. Mcdaniel sold 900 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total value of $30,429.00. Following the completion of the sale, the insider now directly owns 14,149 shares of the company’s stock, valued at $478,377.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.56% of the company’s stock.
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Franklin Financial Network Company Profile
Franklin Financial Network, Inc 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.
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