Royce & Associates LP lifted its stake in Franklin Financial Network Inc (NYSE:FSB) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,354 shares of the financial services provider’s stock after acquiring an additional 46,714 shares during the period. Royce & Associates LP owned 2.18% of Franklin Financial Network worth $12,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of Franklin Financial Network by 14.2% in the 2nd quarter. Swiss National Bank now owns 24,900 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 3,100 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Franklin Financial Network by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 13,684 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 1,860 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Franklin Financial Network by 123.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,490 shares of the financial services provider’s stock worth $5,621,000 after purchasing an additional 82,657 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Franklin Financial Network in the 2nd quarter worth approximately $472,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Franklin Financial Network in the 2nd quarter worth approximately $106,000. 66.90% of the stock is owned by institutional investors.

NYSE FSB opened at $30.07 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.80. Franklin Financial Network Inc has a 12 month low of $29.94 and a 12 month high of $41.50. The company has a market capitalization of $436.80 million, a P/E ratio of 12.43 and a beta of 1.18.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Franklin Financial Network had a net margin of 19.13% and a return on equity of 11.85%. The business had revenue of $30.00 million for the quarter, compared to analyst estimates of $31.30 million. On average, research analysts expect that Franklin Financial Network Inc will post 2.74 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Stephens reiterated a “hold” rating and issued a $33.00 target price on shares of Franklin Financial Network in a report on Thursday, October 25th. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.40.

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About Franklin Financial Network

Franklin Financial Network, Inc operates as the holding company for Franklin Synergy Bank that provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals. The company's deposit products include demand, interest-bearing transaction accounts, money market accounts, certificates of deposit, municipal deposits, savings, and deposit accounts.

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

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