10,000 Shares in Franklin Financial Network Inc (FSB) Purchased by Genovese Burford & Brothers Wealth & Retirement Plan Management LLC

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC purchased a new position in shares of Franklin Financial Network Inc (NYSE:FSB) in the first quarter, Holdings Channel reports. The fund purchased 10,000 shares of the financial services provider’s stock, valued at approximately $290,000.

Several other institutional investors have also bought and sold shares of FSB. BlackRock Inc. increased its holdings in Franklin Financial Network by 2.9% in the 4th quarter. BlackRock Inc. now owns 1,920,571 shares of the financial services provider’s stock worth $50,645,000 after purchasing an additional 53,245 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Franklin Financial Network by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,678 shares of the financial services provider’s stock valued at $19,822,000 after buying an additional 55,256 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Franklin Financial Network by 15.3% during the 3rd quarter. Vanguard Group Inc. now owns 750,693 shares of the financial services provider’s stock valued at $29,352,000 after purchasing an additional 99,436 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Franklin Financial Network by 15.3% during the 3rd quarter. Vanguard Group Inc now owns 750,693 shares of the financial services provider’s stock valued at $29,352,000 after purchasing an additional 99,436 shares in the last quarter. Finally, Context BH Capital Management LP boosted its position in shares of Franklin Financial Network by 8.8% during the 4th quarter. Context BH Capital Management LP now owns 533,277 shares of the financial services provider’s stock valued at $14,063,000 after purchasing an additional 43,110 shares in the last quarter. 66.97% of the stock is owned by institutional investors.

Shares of Franklin Financial Network stock traded up $0.10 on Friday, hitting $28.51. The company had a trading volume of 12,964 shares, compared to its average volume of 86,864. The company has a market cap of $411.43 million, a PE ratio of 10.52 and a beta of 1.51. Franklin Financial Network Inc has a 1 year low of $25.25 and a 1 year high of $41.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.15.

Franklin Financial Network (NYSE:FSB) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $30.91 million during the quarter, compared to analysts’ expectations of $31.45 million. Franklin Financial Network had a return on equity of 11.69% and a net margin of 19.11%. As a group, research analysts anticipate that Franklin Financial Network Inc will post 2.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, May 14th. Franklin Financial Network’s dividend payout ratio (DPR) is presently 5.90%.

Several research analysts have issued reports on FSB shares. Zacks Investment Research upgraded Franklin Financial Network from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Wednesday, April 17th. Stephens reiterated a “hold” rating and issued a $38.00 price target on shares of Franklin Financial Network in a report on Thursday. ValuEngine upgraded Franklin Financial Network from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Hovde Group reiterated a “market perform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Franklin Financial Network in a report on Tuesday, April 9th. Finally, Piper Jaffray Companies upgraded Franklin Financial Network from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Franklin Financial Network currently has a consensus rating of “Hold” and a consensus target price of $34.80.

In other news, Director Henry W. Jr. Brockman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $34.55, for a total value of $34,550.00. Following the completion of the sale, the director now directly owns 30,975 shares of the company’s stock, valued at $1,070,186.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 2,018 shares of company stock valued at $67,924. Company insiders own 11.70% of the company’s stock.

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Franklin Financial Network Company Profile

Franklin Financial Network, Inc operates as the bank holding company for Franklin Synergy Bank that provides banking and related financial services to small businesses, corporate entities, local governments, and individuals. Its deposit products include checking, savings, and certificate of deposit accounts; and demand deposits, interest-bearing transaction accounts, money market accounts, and municipal deposits.

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

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