Stifel Financial Corp Sells 10,000 Shares of Franklin Financial Network Inc (FSB)

Stifel Financial Corp lowered its holdings in Franklin Financial Network Inc (NYSE:FSB) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,650 shares of the financial services provider’s stock after selling 10,000 shares during the period. Stifel Financial Corp owned 0.46% of Franklin Financial Network worth $2,162,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FSB. Vanguard Group Inc. boosted its holdings in Franklin Financial Network by 5.4% in the second quarter. Vanguard Group Inc. now owns 490,869 shares of the financial services provider’s stock valued at $20,249,000 after acquiring an additional 25,062 shares during the last quarter. Northpointe Capital LLC lifted its stake in shares of Franklin Financial Network by 7.2% during the third quarter. Northpointe Capital LLC now owns 485,147 shares of the financial services provider’s stock worth $17,295,000 after purchasing an additional 32,562 shares in the last quarter. Phocas Financial Corp. lifted its stake in shares of Franklin Financial Network by 314.4% during the second quarter. Phocas Financial Corp. now owns 387,006 shares of the financial services provider’s stock worth $15,964,000 after purchasing an additional 293,607 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Franklin Financial Network by 3.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 238,626 shares of the financial services provider’s stock worth $8,507,000 after purchasing an additional 7,405 shares in the last quarter. Finally, JCSD Capital LLC lifted its stake in shares of Franklin Financial Network by 30.8% during the third quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock worth $8,392,000 after purchasing an additional 55,403 shares in the last quarter. 54.91% of the stock is owned by institutional investors and hedge funds.

Franklin Financial Network Inc (FSB) traded up $0.20 during trading hours on Friday, hitting $36.40. The company had a trading volume of 67,802 shares, compared to its average volume of 99,658. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.79 and a current ratio of 0.80. Franklin Financial Network Inc has a fifty-two week low of $30.30 and a fifty-two week high of $44.30. The firm has a market capitalization of $478.40, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. equities research analysts expect that Franklin Financial Network Inc will post 2.48 EPS for the current fiscal year.

FSB has been the topic of a number of recent research reports. Zacks Investment Research cut Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Sandler O’Neill upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, January 4th. Stephens cut Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research note on Tuesday, October 3rd. ValuEngine upgraded Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Finally, Compass Point reiterated a “buy” rating and issued a $43.00 price target (down previously from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Franklin Financial Network has an average rating of “Hold” and a consensus price target of $40.00.

In related news, insider David J. Mcdaniel sold 900 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. 10.56% of the stock is owned by insiders.

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About Franklin Financial Network

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.

Institutional Ownership by Quarter for Franklin Financial Network (NYSE:FSB)

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