1492 Capital Management Lowers stake in Franklin Financial Network Inc (FSB)

Franklin Financial Network Inc (FSB) : 1492 Capital Management reduced its stake in Franklin Financial Network Inc by 2.6% during the most recent quarter end. The investment management company now holds a total of 87,279 shares of Franklin Financial Network Inc which is valued at $2,885,444 after selling 2,328 shares in Franklin Financial Network Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Franklin Financial Network Inc makes up approximately 2.38% of 1492 Capital Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in FSB in the latest quarter, The investment management firm added 15,400 additional shares and now holds a total of 49,031 shares of Franklin Financial Network Inc which is valued at $1,620,965. Franklin Financial Network Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio. Mufg Americas Holdings Corp sold out all of its stake in FSB during the most recent quarter. The investment firm sold 329 shares of FSB which is valued $11,025. Mendon Capital Advisors Corp sold out all of its stake in FSB during the most recent quarter. The investment firm sold 226,330 shares of FSB which is valued $7,303,669.Chicago Equity Partners reduced its stake in FSB by selling 370 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 28,200 shares of FSB which is valued at $955,416. Franklin Financial Network Inc makes up approx 0.03% of Chicago Equity Partners’s portfolio.

Franklin Financial Network Inc opened for trading at $33.57 and hit $34.5954 on the upside on Monday, eventually ending the session at $34.42, with a gain of 2.50% or 0.84 points. The heightened volatility saw the trading volume jump to 58,447 shares. Company has a market cap of $368 M.

Many Wall Street Analysts have commented on Franklin Financial Network Inc. Company shares were Reiterated by Compass Point on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Franklin Financial Network Inc was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.

Franklin Financial Network Inc. is a bank holding company. Through its wholly owned banking subsidiary Franklin Synergy Bank the Company provides a range of banking and related financial services with a focus on service to small businesses corporate entities local Governments and individuals. The Company operates across Williamson and Rutherford Counties within the Nashville metropolitan area. The Bank operates as a financial institution providing a line of financial products including commercial banking consumer banking and mortgage loans. The Bank offers retirement planning financial planning investment services and insurance products through its financial services department. It offers a range of financial services including credit savings and transactions to local consumers. Its loan portfolio consists of real estate loans including residential construction and land development and commercial loans; commercial and industrial loans and consumer and other loans.

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