Moody Lynn & Lieberson LLC Sells 28,158 Shares of Franklin Financial Network, Inc. (FSB)

Moody Lynn & Lieberson LLC trimmed its holdings in shares of Franklin Financial Network, Inc. (NYSE:FSB) by 71.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,521 shares of the financial services provider’s stock after selling 28,158 shares during the quarter. Moody Lynn & Lieberson LLC owned about 0.09% of Franklin Financial Network worth $411,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its position in 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 worth $109,000 after acquiring an additional 30 shares during the period. Citigroup Inc. increased its position in Franklin Financial Network by 3,009.2% during the second quarter. Citigroup Inc. now owns 3,047 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 2,949 shares during the period. Voya Investment Management LLC bought a new position in Franklin Financial Network during the second quarter worth about $211,000. Goldman Sachs Group Inc. bought a new position in Franklin Financial Network during the second quarter worth about $214,000. Finally, Smith Moore & CO. bought a new position in Franklin Financial Network during the third quarter worth about $214,000. 59.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Franklin Financial Network, Inc. (NYSE:FSB) traded up $0.10 during trading on Tuesday, reaching $32.25. 58,500 shares of the company’s stock were exchanged, compared to its average volume of 67,490. The firm has a market capitalization of $424.88, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.76 and a quick ratio of 0.75. Franklin Financial Network, Inc. has a 12-month low of $30.30 and a 12-month high of $44.30.

Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings data 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. The firm had revenue of $27.90 million for the quarter, compared to the consensus estimate of $30.97 million. Franklin Financial Network had a net margin of 23.70% and a return on equity of 11.71%. research analysts forecast that Franklin Financial Network, Inc. will post 2.49 earnings per share for the current year.

A number of brokerages have issued reports on FSB. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 12th. BidaskClub downgraded shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Stephens downgraded shares of 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 upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Finally, Piper Jaffray Companies downgraded shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $41.00 in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $40.20.

WARNING: This piece of content was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.thestockobserver.com/2017/11/14/moody-lynn-lieberson-llc-sells-28158-shares-of-franklin-financial-network-inc-fsb.html.

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)

Receive News & Ratings for Franklin Financial Network Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Financial Network Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply