Stifel Financial Corp lowered its position in Franklin Financial Network, Inc. (NYSE:FSB) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 70,650 shares of the financial services provider’s stock after selling 200 shares during the period. Stifel Financial Corp owned 0.54% of Franklin Financial Network worth $2,915,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC acquired a new position in shares of Franklin Financial Network during the 2nd quarter valued at $211,000. Dimensional Fund Advisors LP lifted its position in shares of Franklin Financial Network by 61.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 128,817 shares of the financial services provider’s stock valued at $5,314,000 after acquiring an additional 49,116 shares during the period. EAM Investors LLC lifted its position in shares of Franklin Financial Network by 220.7% during the 2nd quarter. EAM Investors LLC now owns 120,605 shares of the financial services provider’s stock valued at $4,975,000 after acquiring an additional 83,000 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Franklin Financial Network by 39.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 43,257 shares of the financial services provider’s stock valued at $1,784,000 after acquiring an additional 12,163 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Franklin Financial Network by 5.4% during the 2nd 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 period. Hedge funds and other institutional investors own 59.21% of the company’s stock.

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Franklin Financial Network, Inc. (NYSE FSB) opened at 34.05 on Friday. The firm has a market cap of $448.88 million, a P/E ratio of 14.06 and a beta of 1.48. Franklin Financial Network, Inc. has a 52-week low of $29.85 and a 52-week high of $42.80. The company’s 50 day moving average is $34.54 and its 200-day moving average is $34.54.

Franklin Financial Network (NYSE:FSB) last announced 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). The business had revenue of $28.35 million during the quarter, compared to analysts’ expectations of $30.63 million. Franklin Financial Network had a return on equity of 11.80% and a net margin of 23.50%. On average, equities analysts predict that Franklin Financial Network, Inc. will post $2.50 EPS for the current fiscal year.

FSB has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub downgraded shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Sandler O’Neill initiated coverage on shares of Franklin Financial Network in a research report on Wednesday, July 12th. They set a “hold” rating and a $43.00 target price on the stock. Stephens downgraded shares of Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies downgraded shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $41.00 in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Franklin Financial Network presently has an average rating of “Hold” and an average target price of $39.50.

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.

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

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