Systematic Financial Management LP lessened its stake in Franklin Financial Network, Inc. (NYSE:FSB) by 49.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,400 shares of the financial services provider’s stock after selling 44,045 shares during the period. Systematic Financial Management LP owned about 0.34% of Franklin Financial Network worth $1,619,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Context BH Capital Management LP increased its stake in shares of Franklin Financial Network by 43.7% in the third quarter. Context BH Capital Management LP now owns 157,448 shares of the financial services provider’s stock worth $5,613,000 after buying an additional 47,912 shares during the last quarter. JCSD Capital LLC increased its stake in shares of Franklin Financial Network by 30.8% in the third quarter. JCSD Capital LLC now owns 235,403 shares of the financial services provider’s stock worth $8,392,000 after buying an additional 55,403 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Franklin Financial Network by 11.9% in the third quarter. Prudential Financial Inc. now owns 30,464 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 3,240 shares during the last quarter. Smith Moore & CO. bought a new stake in shares of Franklin Financial Network in the third quarter worth $214,000. Finally, Foundry Partners LLC boosted its holdings in Franklin Financial Network by 5.7% in the third quarter. Foundry Partners LLC now owns 112,730 shares of the financial services provider’s stock worth $4,019,000 after purchasing an additional 6,125 shares during the period. Institutional investors and hedge funds own 57.86% of the company’s stock.

In other news, insider David J. Mcdaniel sold 900 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $33.81, for a total transaction of $30,429.00. Following the completion of the transaction, the insider now owns 14,149 shares of the company’s stock, valued at $478,377.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.56% of the company’s stock.

Franklin Financial Network, Inc. (NYSE:FSB) opened at $33.75 on Monday. Franklin Financial Network, Inc. has a 1-year low of $30.30 and a 1-year high of $44.30. The stock has a market cap of $446.03, a price-to-earnings ratio of 13.78, a PEG ratio of 1.36 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.30.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Franklin Financial Network had a net margin of 23.70% and a return on equity of 11.48%. The company had revenue of $27.90 million during the quarter, compared to the consensus estimate of $30.97 million. sell-side analysts expect that Franklin Financial Network, Inc. will post 2.49 EPS for the current year.

A number of research firms have commented on FSB. Hovde Group began coverage on shares of Franklin Financial Network in a report on Friday, August 4th. They issued a “market perform” rating and a $38.00 price objective for the company. Zacks Investment Research raised shares of Franklin Financial Network from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine raised shares of Franklin Financial Network from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $39.00 price objective (down previously from $41.50) on shares of Franklin Financial Network in a report on Thursday, October 5th. Finally, Stephens downgraded shares of Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Franklin Financial Network presently has an average rating of “Hold” and a consensus price target of $40.20.

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Franklin Financial Network 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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