Franklin Financial Network, Inc. (FSB) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Franklin Financial Network, Inc. (NYSE:FSB) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,724 shares of the financial services provider’s stock after purchasing an additional 425 shares during the quarter. Victory Capital Management Inc. owned 0.27% of Franklin Financial Network worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FSB. Legal & General Group Plc boosted its position in shares of Franklin Financial Network by 1.1% in the 1st quarter. Legal & General Group Plc now owns 2,814 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 30 shares during the period. Menta Capital LLC acquired a new stake in Franklin Financial Network during the 1st quarter worth about $252,000. American International Group Inc. boosted its position in Franklin Financial Network by 27.5% during the 1st quarter. American International Group Inc. now owns 6,869 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 1,481 shares during the period. Nuveen Asset Management LLC boosted its position in Franklin Financial Network by 1.0% during the 1st quarter. Nuveen Asset Management LLC now owns 6,869 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 65 shares during the period. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Franklin Financial Network during the 2nd quarter worth about $392,000. Institutional investors and hedge funds own 59.21% of the company’s stock.

A number of brokerages have commented on FSB. Zacks Investment Research lowered Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Piper Jaffray Companies lowered Franklin Financial Network from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, July 27th. Sandler O’Neill began coverage on Franklin Financial Network in a research report on Wednesday, July 12th. They set a “hold” rating and a $43.00 price objective for the company. BidaskClub lowered Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, ValuEngine lowered Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $41.75.

Shares of Franklin Financial Network, Inc. (FSB) opened at 34.00 on Wednesday. The firm has a market capitalization of $448.22 million, a price-to-earnings ratio of 14.04 and a beta of 1.46. Franklin Financial Network, Inc. has a 12 month low of $29.85 and a 12 month high of $42.80. The firm’s 50-day moving average price is $33.00 and its 200-day moving average price is $38.49.

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

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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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