Barclays PLC trimmed its holdings in shares of Franklin Financial Network Inc (NYSE:FSB) by 63.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,779 shares of the financial services provider’s stock after selling 8,466 shares during the period. Barclays PLC’s holdings in Franklin Financial Network were worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FSB. BlackRock Inc. boosted its position in Franklin Financial Network by 2.9% during the fourth quarter. BlackRock Inc. now owns 1,920,571 shares of the financial services provider’s stock worth $50,645,000 after acquiring an additional 53,245 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Franklin Financial Network by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 751,678 shares of the financial services provider’s stock worth $19,822,000 after acquiring an additional 55,256 shares during the last quarter. Vanguard Group Inc boosted its position in Franklin Financial Network by 15.3% during the third quarter. Vanguard Group Inc now owns 750,693 shares of the financial services provider’s stock worth $29,352,000 after acquiring an additional 99,436 shares during the last quarter. Vanguard Group Inc. boosted its position in Franklin Financial Network by 15.3% during the third quarter. Vanguard Group Inc. now owns 750,693 shares of the financial services provider’s stock worth $29,352,000 after acquiring an additional 99,436 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in Franklin Financial Network by 2.4% during the fourth quarter. Investment Counselors of Maryland LLC now owns 456,100 shares of the financial services provider’s stock worth $12,027,000 after acquiring an additional 10,700 shares during the last quarter. 65.87% of the stock is owned by institutional investors and hedge funds.

In other Franklin Financial Network news, Director Pamela J. Stephens bought 1,000 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director now owns 12,633 shares in the company, valued at approximately $399,834.45. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 2,018 shares of company stock worth $67,924. Insiders own 11.40% of the company’s stock.

Shares of FSB opened at $27.64 on Wednesday. The firm has a market capitalization of $440.82 million, a price-to-earnings ratio of 10.20 and a beta of 1.51. Franklin Financial Network Inc has a fifty-two week low of $25.25 and a fifty-two week high of $41.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.15.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Franklin Financial Network had a net margin of 19.11% and a return on equity of 11.69%. The company had revenue of $26.54 million during the quarter, compared to analyst estimates of $31.00 million. Sell-side analysts forecast that Franklin Financial Network Inc will post 2.7 earnings per share for the current fiscal year.

FSB has been the topic of a number of research analyst reports. Piper Jaffray Companies upgraded shares of Franklin Financial Network from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Monday, January 28th. Compass Point lowered shares of Franklin Financial Network from a “neutral” rating to a “sell” rating in a report on Monday. ValuEngine lowered shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a report on Monday, March 11th. TheStreet lowered shares of Franklin Financial Network from a “b-” rating to a “c+” rating in a report on Monday, December 17th. Finally, Hovde Group reiterated a “market perform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Franklin Financial Network in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.60.

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Franklin Financial Network Profile

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

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

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