Schwab Charles Investment Management Inc. maintained its position in Franklin Financial Network, Inc. (NYSE:FSB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,464 shares of the financial services provider’s stock at the end of the second quarter. Schwab Charles Investment Management Inc. owned about 0.14% of Franklin Financial Network worth $762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Franklin Financial Network by 1.1% in 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. Bank of New York Mellon Corp boosted its stake in Franklin Financial Network by 12.4% in the first quarter. Bank of New York Mellon Corp now owns 54,674 shares of the financial services provider’s stock valued at $2,118,000 after acquiring an additional 6,012 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Franklin Financial Network by 18.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 39,679 shares of the financial services provider’s stock valued at $1,637,000 after acquiring an additional 6,089 shares during the last quarter. American International Group Inc. boosted its stake in Franklin Financial Network by 27.5% in the first quarter. American International Group Inc. now owns 6,869 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 1,481 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 valued at $18,049,000 after acquiring an additional 42,871 shares during the last quarter. Hedge funds and other institutional investors own 60.09% of the company’s stock.

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Franklin Financial Network (NYSE:FSB) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $30.97 million. Franklin Financial Network had a net margin of 23.70% and a return on equity of 11.71%.

A number of research firms have weighed in on FSB. BidaskClub cut shares of Franklin Financial Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Hovde Group began coverage on shares of Franklin Financial Network in a research note on Friday, August 4th. They issued a “market perform” rating and a $38.00 target price on the stock. Zacks Investment Research upgraded shares of Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $39.00 target price (down from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. Finally, ValuEngine upgraded shares of Franklin Financial Network from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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.

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

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