Skylands Capital LLC reduced its position in shares of Franklin Financial Network Inc (NYSE:FSB) by 26.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,300 shares of the financial services provider’s stock after selling 18,500 shares during the quarter. Skylands Capital LLC’s holdings in Franklin Financial Network were worth $1,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Franklin Financial Network by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,497 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 404 shares during the period. Northern Trust Corp grew its holdings in Franklin Financial Network by 0.5% during the second quarter. Northern Trust Corp now owns 138,602 shares of the financial services provider’s stock worth $5,718,000 after acquiring an additional 647 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Franklin Financial Network by 1.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 100,571 shares of the financial services provider’s stock worth $4,147,000 after acquiring an additional 1,000 shares during the period. Rhumbline Advisers grew its holdings in Franklin Financial Network by 13.2% during the second quarter. Rhumbline Advisers now owns 13,237 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 1,545 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Franklin Financial Network by 5.0% during the third quarter. Victory Capital Management Inc. now owns 37,500 shares of the financial services provider’s stock worth $1,337,000 after acquiring an additional 1,776 shares during the period. 54.91% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Financial Network Inc (NYSE FSB) opened at $36.40 on Wednesday. The firm has a market capitalization of $481.05, a PE ratio of 14.86, a P/E/G ratio of 1.20 and a beta of 1.41. Franklin Financial Network Inc has a 12 month low of $30.30 and a 12 month high of $44.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.80 and a quick ratio of 0.79.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $30.97 million. Franklin Financial Network had a return on equity of 11.48% and a net margin of 23.70%. analysts expect that Franklin Financial Network Inc will post 2.48 earnings per share for the current fiscal year.

In related news, insider David J. Mcdaniel sold 900 shares of Franklin Financial Network stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $33.81, for a total value of $30,429.00. Following the transaction, the insider now owns 14,149 shares of the company’s stock, valued at approximately $478,377.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.56% of the company’s stock.

FSB has been the topic of a number of research analyst reports. Compass Point reaffirmed a “buy” rating and set a $43.00 target price (down from $47.00) on shares of Franklin Financial Network in a report on Friday, October 13th. Zacks Investment Research lowered Franklin Financial Network from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. Sandler O’Neill raised Franklin Financial Network from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, January 4th. Stephens cut Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $39.00 price target (down previously from $41.50) on shares of Franklin Financial Network in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.17.

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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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