Franklin Financial Network Inc (NYSE:FSB) Director Henry W. Jr. Brockman sold 1,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $40.34, for a total value of $40,340.00. Following the completion of the transaction, the director now directly owns 26,800 shares in the company, valued at $1,081,112. The sale was disclosed in a filing with the SEC, which is available through this link.

Franklin Financial Network (NYSE:FSB) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Franklin Financial Network had a return on equity of 13.59% and a net margin of 23.85%. The business had revenue of $27.65 million during the quarter, compared to the consensus estimate of $26.62 million.

Insider Buying and Selling by Quarter for Franklin Financial Network (NYSE:FSB)

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A number of hedge funds have recently added to or reduced their stakes in FSB. Legal & General Group Plc increased 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 worth $109,000 after buying an additional 30 shares in the last quarter. Menta Capital LLC purchased a new stake in Franklin Financial Network during the first quarter worth about $252,000. American International Group Inc. increased 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 worth $266,000 after buying an additional 1,481 shares in the last quarter. Barings LLC purchased a new stake in Franklin Financial Network during the fourth quarter worth about $343,000. Finally, Highbridge Capital Management LLC purchased a new stake in Franklin Financial Network during the first quarter worth about $412,000. 42.42% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on FSB. Zacks Investment Research lowered Franklin Financial Network from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 14th. Stephens reaffirmed a “buy” rating on shares of Franklin Financial Network in a report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Franklin Financial Network has a consensus rating of “Buy” and an average price target of $42.63.

About Franklin Financial Network

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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