Voya Investment Management LLC Buys Shares of 5,111 Franklin Financial Network, Inc. (FSB)

Voya Investment Management LLC bought a new position in shares of Franklin Financial Network, Inc. (NYSE:FSB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,111 shares of the financial services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial For Lutherans acquired a new stake in Franklin Financial Network during the 2nd quarter worth approximately $342,000. Bank of New York Mellon Corp increased its position in Franklin Financial Network by 65.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,635 shares of the financial services provider’s stock worth $3,738,000 after purchasing an additional 35,961 shares in the last quarter. Swiss National Bank acquired a new stake in Franklin Financial Network during the 2nd quarter worth approximately $850,000. Royce & Associates LP increased its position in Franklin Financial Network by 15.8% during the 2nd quarter. Royce & Associates LP now owns 61,400 shares of the financial services provider’s stock worth $2,533,000 after purchasing an additional 8,400 shares in the last quarter. Finally, EAM Investors LLC increased its position in Franklin Financial Network by 220.7% during the 2nd quarter. EAM Investors LLC now owns 120,605 shares of the financial services provider’s stock worth $4,975,000 after purchasing an additional 83,000 shares in the last quarter. 57.86% of the stock is owned by hedge funds and other institutional investors.

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FSB has been the subject of a number of research analyst reports. 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, October 13th. Zacks Investment Research downgraded shares of Franklin Financial Network from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 12th. ValuEngine downgraded shares of Franklin Financial Network from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stephens downgraded shares of Franklin Financial Network from an “overweight” rating to an “equal weight” rating and set a $38.00 target price for the company. in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Franklin Financial Network from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.20.

Franklin Financial Network, Inc. (FSB) opened at $33.15 on Monday. The firm has a market capitalization of $438.10, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.44. Franklin Financial Network, Inc. has a fifty-two week low of $30.30 and a fifty-two week 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 released 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 during 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%. equities analysts forecast that Franklin Financial Network, Inc. will post 2.49 earnings per share for the current year.

Franklin Financial Network 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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