Daruma Capital Management LLC Boosts Stake in Franklin Financial Network, Inc. (FSB)

Daruma Capital Management LLC raised its position in shares of Franklin Financial Network, Inc. (NYSE:FSB) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,582 shares of the financial services provider’s stock after acquiring an additional 4,119 shares during the period. Daruma Capital Management LLC owned approximately 0.28% of Franklin Financial Network worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Franklin Financial Network by 1.1% during the 1st 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 in the last quarter. Citigroup Inc. raised its holdings in shares of Franklin Financial Network by 3,009.2% during the 2nd 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 in the last quarter. Voya Investment Management LLC purchased a new stake in shares of Franklin Financial Network during the 2nd quarter worth approximately $211,000. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Financial Network during the 2nd quarter worth approximately $214,000. Finally, Menta Capital LLC bought a new position in shares of Franklin Financial Network during the 1st quarter valued at approximately $252,000. 59.20% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Compass Point reissued a “buy” rating and set a $43.00 target price (down previously from $47.00) on shares of Franklin Financial Network in a research report on Friday. Zacks Investment Research raised Franklin Financial Network from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub downgraded Franklin Financial Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Hovde Group initiated coverage on Franklin Financial Network in a research report on Friday, August 4th. They issued a “market perform” rating and a $38.00 price objective on the stock. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $39.00 price objective (down previously from $41.50) on shares of Franklin Financial Network in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.20.

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Franklin Financial Network, Inc. (FSB) traded up 0.87% during trading on Tuesday, hitting $34.75. The stock had a trading volume of 9,347 shares. The firm has a 50 day moving average of $34.53 and a 200-day moving average of $34.53. The company has a market cap of $458.11 million, a P/E ratio of 14.35 and a beta of 1.48. Franklin Financial Network, Inc. has a one year low of $29.85 and a one year high of $44.30.

Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $28.35 million for the quarter, compared to analyst estimates of $30.63 million. Equities analysts anticipate that Franklin Financial Network, Inc. will post $2.50 earnings per share for the current fiscal year.

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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