Prudential Financial Inc. boosted its holdings in Franklin Financial Network, Inc. (NYSE:FSB) by 192.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 27,224 shares of the financial services provider’s stock after buying an additional 17,920 shares during the period. Prudential Financial Inc. owned approximately 0.21% of Franklin Financial Network worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSB. Wellington Management Group LLP purchased a new position in Franklin Financial Network in the first quarter valued at approximately $4,572,000. Dimensional Fund Advisors LP raised its holdings in Franklin Financial Network by 278.4% in the first quarter. Dimensional Fund Advisors LP now owns 79,701 shares of the financial services provider’s stock valued at $3,088,000 after buying an additional 58,640 shares during the period. Royce & Associates LP purchased a new stake in shares of Franklin Financial Network during the first quarter valued at approximately $2,054,000. Vanguard Group Inc. raised its stake in shares of Franklin Financial Network by 10.1% during the first quarter. Vanguard Group Inc. now owns 465,807 shares of the financial services provider’s stock valued at $18,049,000 after purchasing an additional 42,871 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Franklin Financial Network by 65.8% during the second quarter. Bank of New York Mellon Corp now owns 90,635 shares of the financial services provider’s stock valued at $3,738,000 after purchasing an additional 35,961 shares during the period. Hedge funds and other institutional investors own 59.21% of the company’s stock.

Franklin Financial Network, Inc. (FSB) traded up 0.73% during mid-day trading on Friday, hitting $34.30. 88,502 shares of the stock were exchanged. Franklin Financial Network, Inc. has a one year low of $29.85 and a one year high of $42.80. The company has a market cap of $452.18 million, a P/E ratio of 14.16 and a beta of 1.48. The company has a 50-day moving average price of $34.53 and a 200-day moving average price of $34.53.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $30.63 million. On average, analysts predict that Franklin Financial Network, Inc. will post $2.50 earnings per share for the current fiscal year.

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FSB has been the topic of a number of analyst reports. Compass Point reiterated a “buy” rating and set a $43.00 price objective (down previously from $47.00) on shares of Franklin Financial Network in a research note on Friday. Stephens lowered 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. Sandler O’Neill initiated coverage on shares of Franklin Financial Network in a research note on Wednesday, July 12th. They set a “hold” rating and a $43.00 price objective on the stock. Zacks Investment Research lowered shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, ValuEngine lowered shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.20.

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.

Institutional Ownership by Quarter for Franklin Financial Network (NYSE:FSB)

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