Greenwood Capital Associates LLC raised its stake in Franklin Financial Network, Inc. (NYSE:FSB) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,642 shares of the financial services provider’s stock after buying an additional 361 shares during the period. Greenwood Capital Associates LLC owned about 0.14% of Franklin Financial Network worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Franklin Financial Network by 1.1% in the first quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after buying an additional 30 shares during the last quarter. Alps Advisors Inc. raised its stake in Franklin Financial Network by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,837 shares of the financial services provider’s stock valued at $530,000 after buying an additional 33 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Franklin Financial Network by 1.0% in the first quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock valued at $266,000 after buying an additional 65 shares in the last quarter. Victory Capital Management Inc. raised its stake in Franklin Financial Network by 1.2% in the second quarter. Victory Capital Management Inc. now owns 35,724 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 425 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Franklin Financial Network by 3.6% in the first quarter. Teachers Advisors LLC now owns 18,285 shares of the financial services provider’s stock valued at $709,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 59.21% of the company’s stock.

Shares of Franklin Financial Network, Inc. (FSB) opened at 32.30 on Wednesday. Franklin Financial Network, Inc. has a one year low of $29.85 and a one year high of $44.30. The stock has a market cap of $425.81 million, a price-to-earnings ratio of 13.34 and a beta of 1.44. The stock’s 50 day moving average price is $36.01 and its 200 day moving average price is $38.67.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. The company had revenue of $28.35 million for the quarter, compared to the consensus estimate of $30.63 million. Analysts forecast that Franklin Financial Network, Inc. will post $2.53 earnings per share for the current year.

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A number of equities analysts have recently weighed in on FSB shares. Hovde Group started coverage on Franklin Financial Network in a research note on Friday, August 4th. They issued a “market perform” rating and a $38.00 price objective for the company. Zacks Investment Research upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, June 28th. Sandler O’Neill started coverage on Franklin Financial Network in a research report on Wednesday, July 12th. They issued a “hold” rating and a $43.00 target price on the stock. Piper Jaffray Companies downgraded Franklin Financial Network from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $41.00 in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.40.

In related news, Director Paul M. Jr. Pratt sold 6,750 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $40.76, for a total transaction of $275,130.00. Following the transaction, the director now directly owns 16,250 shares of the company’s stock, valued at $662,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sally P. Kimble sold 710 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $40.06, for a total transaction of $28,442.60. Following the transaction, the insider now directly owns 15,364 shares in the company, valued at $615,481.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,231 shares of company stock worth $375,698. 12.36% of the stock is currently owned by insiders.

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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