Allianz Asset Management GmbH cut its holdings in shares of Franklin Financial Network Inc (NYSE:FSB) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 398,149 shares of the financial services provider’s stock after selling 67,594 shares during the quarter. Allianz Asset Management GmbH owned about 3.01% of Franklin Financial Network worth $14,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Franklin Financial Network by 56.0% during the third 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 last quarter. Salzhauer Michael boosted its holdings 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 last quarter. Schwab Charles Investment Management Inc. boosted its holdings 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 last quarter. Citadel Advisors LLC acquired a new position in Franklin Financial Network in the 3rd quarter valued at about $888,000. Finally, Context BH Capital Management LP boosted 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 purchasing an additional 47,912 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.

Several research firms have weighed in on FSB. Piper Jaffray Companies reiterated a “neutral” rating and issued a $39.00 target price (down from $41.50) on shares of Franklin Financial Network in a report on Thursday, October 5th. Compass Point reiterated a “buy” rating and issued a $43.00 target price (down from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Finally, Stephens lowered 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 report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.20.

In other news, insider David J. Mcdaniel sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $33.81, for a total value of $30,429.00. Following the sale, the insider now directly owns 14,149 shares of the company’s stock, valued at approximately $478,377.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.56% of the stock is currently owned by insiders.

Franklin Financial Network Inc (NYSE FSB) opened at $33.90 on Thursday. The firm has a market cap of $449.33, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.41. 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 quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.30.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating 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 net margin of 23.70% and a return on equity of 11.48%. equities research analysts predict that Franklin Financial Network Inc will post 2.49 earnings per share for the current fiscal year.

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

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