Salzhauer Michael lifted its stake in shares of Franklin Financial Network, Inc. (NYSE:FSB) by 37.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,819 shares of the financial services provider’s stock after acquiring an additional 21,686 shares during the period. Franklin Financial Network accounts for approximately 1.2% of Salzhauer Michael’s portfolio, making the stock its 22nd biggest holding. Salzhauer Michael owned 0.60% of Franklin Financial Network worth $2,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of Franklin Financial Network by 1.1% during the first quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 30 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Franklin Financial Network by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,837 shares of the financial services provider’s stock valued at $530,000 after acquiring an additional 33 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Franklin Financial Network by 1.0% during the first quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 65 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of Franklin Financial Network by 2.0% during the second quarter. Greenwood Capital Associates LLC now owns 18,642 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 361 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Franklin Financial Network by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,497 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 404 shares during the last quarter. 54.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Franklin Financial Network, Inc. (NYSE:FSB) traded up $0.15 during trading hours on Wednesday, reaching $34.25. The company’s stock had a trading volume of 69,900 shares, compared to its average volume of 67,239. 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, Inc. has a 12-month low of $30.30 and a 12-month high of $44.30. The firm has a market cap of $446.02, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. The firm had revenue of $27.90 million for the quarter, compared to analyst estimates of $30.97 million. equities analysts predict that Franklin Financial Network, Inc. will post 2.49 earnings per share for the current year.

In other Franklin Financial Network news, insider David J. Mcdaniel sold 900 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.56% of the stock is currently owned by company insiders.

FSB has been the topic of a number of analyst reports. Zacks Investment Research lowered Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 12th. Stephens lowered Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective on the stock. in a research note on Tuesday, October 3rd. ValuEngine raised Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Compass Point reissued a “buy” rating and issued a $43.00 price target (down from $47.00) on shares of Franklin Financial Network in a research note on Friday, October 13th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $39.00 price target (down from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.20.

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About Franklin Financial Network

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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