Monarch Partners Asset Management LLC boosted its position in Franklin Financial Network, Inc. (NYSE:FSB) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,842 shares of the financial services provider’s stock after buying an additional 2,580 shares during the period. Monarch Partners Asset Management LLC’s holdings in Franklin Financial Network were worth $6,800,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FSB. Vanguard Group Inc. increased its position in shares of Franklin Financial Network by 10.1% in the first quarter. Vanguard Group Inc. now owns 465,807 shares of the financial services provider’s stock worth $18,049,000 after buying an additional 42,871 shares during the last quarter. 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 worth $13,763,000 after buying an additional 23,045 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Franklin Financial Network by 11.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 206,857 shares of the financial services provider’s stock worth $8,016,000 after buying an additional 21,596 shares during the last quarter. 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 worth $6,809,000 after buying an additional 20,753 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Franklin Financial Network by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 152,806 shares of the financial services provider’s stock worth $5,921,000 after buying an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 55.33% of the company’s stock.

Franklin Financial Network, Inc. (NYSE:FSB) opened at 32.30 on Friday. The company’s 50 day moving average is $38.23 and its 200-day moving average is $39.11. Franklin Financial Network, Inc. has a 52 week low of $29.85 and a 52 week high of $44.30. The firm has a market cap of $425.75 million, a P/E ratio of 13.34 and a beta of 1.44.

Franklin Financial Network (NYSE:FSB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $28.35 million for 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%. Equities analysts expect that Franklin Financial Network, Inc. will post $2.53 earnings per share for the current year.

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FSB has been the subject of a number of analyst reports. ValuEngine downgraded shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Stephens reiterated a “buy” rating on shares of Franklin Financial Network in a research note on Wednesday, April 26th. Finally, Piper Jaffray Companies downgraded shares of Franklin Financial Network from an “overweight” rating to a “neutral” rating and lowered their target price 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 company’s stock. Franklin Financial Network has a consensus rating of “Hold” and an average target price of $41.40.

In related news, insider Sally P. Kimble sold 710 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $40.06, for a total transaction of $28,442.60. Following the completion of the sale, the insider now directly owns 15,364 shares of the company’s stock, valued at approximately $615,481.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Mcdaniel sold 900 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $40.22, for a total transaction of $36,198.00. Following the sale, the insider now directly owns 14,149 shares of the company’s stock, valued at $569,072.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,131 shares of company stock valued at $452,236. Company insiders own 12.36% of the company’s stock.

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.

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

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