Northpointe Capital LLC increased its stake in Franklin Financial Network, Inc. (NYSE:FSB) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 452,585 shares of the financial services provider’s stock after buying an additional 29,088 shares during the period. Franklin Financial Network makes up approximately 2.0% of Northpointe Capital LLC’s holdings, making the stock its largest position. Northpointe Capital LLC’s holdings in Franklin Financial Network were worth $18,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Franklin Financial Network by 14.6% in the fourth quarter. State Street Corp now owns 162,747 shares of the financial services provider’s stock valued at $6,809,000 after buying an additional 20,753 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Franklin Financial Network during the fourth quarter valued at about $881,000. AQR Capital Management LLC increased its position in shares of Franklin Financial Network by 162.4% in the fourth quarter. AQR Capital Management LLC now owns 16,228 shares of the financial services provider’s stock valued at $679,000 after buying an additional 10,044 shares during the period. Teachers Advisors LLC increased its position in shares of Franklin Financial Network by 17.0% in the fourth quarter. Teachers Advisors LLC now owns 17,649 shares of the financial services provider’s stock valued at $739,000 after buying an additional 2,566 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Franklin Financial Network by 6.9% in the first quarter. Bank of Montreal Can now owns 355,160 shares of the financial services provider’s stock valued at $13,763,000 after buying an additional 23,045 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Shares of Franklin Financial Network, Inc. (NYSE FSB) opened at 33.70 on Tuesday. The company has a market capitalization of $444.20 million, a PE ratio of 13.91 and a beta of 1.44. The firm’s 50-day moving average price is $38.06 and its 200 day moving average price is $39.04. Franklin Financial Network, Inc. has a one year low of $29.85 and a one year high of $44.30.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. The business had revenue of $28.35 million during the quarter, compared to analyst estimates of $30.63 million. Franklin Financial Network had a net margin of 23.50% and a return on equity of 11.80%. Analysts anticipate that Franklin Financial Network, Inc. will post $2.53 earnings per share for the current year.

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Several research analysts recently issued reports on FSB shares. Zacks Investment Research downgraded shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Stephens reiterated a “buy” rating on shares of Franklin Financial Network in a research report on Wednesday, April 26th. Sandler O’Neill started coverage on shares of Franklin Financial Network in a research report on Wednesday, July 12th. They set a “hold” rating and a $43.00 price target on the stock. BidaskClub downgraded shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Piper Jaffray Companies downgraded shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.40.

In related news, Director Henry W. Jr. Brockman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $40.34, for a total value of $40,340.00. Following the sale, the director now directly owns 26,800 shares of the company’s stock, valued at $1,081,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul M. Jr. Pratt sold 6,750 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $40.76, for a total value of $275,130.00. Following the completion of the sale, the director now directly owns 16,250 shares in the company, valued at $662,350. The disclosure for this sale can be found here. Insiders sold 10,231 shares of company stock worth $416,038 over the last ninety days. 12.36% of the stock is currently owned by insiders.

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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