Franklin Financial Services Co. (NASDAQ:FRAF) Director Allan E. Jennings, Jr. Purchases 1,000 Shares

Franklin Financial Services Co. (NASDAQ:FRAFGet Free Report) Director Allan E. Jennings, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $30,510.00. Following the acquisition, the director now owns 28,250 shares in the company, valued at $861,907.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Franklin Financial Services Trading Down 0.2 %

Shares of FRAF stock traded down $0.07 on Friday, hitting $32.25. The company had a trading volume of 755 shares, compared to its average volume of 5,838. The firm has a market cap of $141.77 million, a P/E ratio of 10.36 and a beta of 0.32. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $35.00. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50-day moving average is $29.97 and its two-hundred day moving average is $28.07.

Franklin Financial Services (NASDAQ:FRAFGet Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter. Franklin Financial Services had a net margin of 12.85% and a return on equity of 10.60%. The business had revenue of $18.56 million for the quarter.

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 2nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.28 annualized dividend and a yield of 3.97%. Franklin Financial Services’s payout ratio is currently 41.03%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Franklin Financial Services by 8.1% during the 1st quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after acquiring an additional 2,100 shares during the period. Vanguard Group Inc. boosted its position in Franklin Financial Services by 2.3% during the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock valued at $3,923,000 after buying an additional 3,436 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Franklin Financial Services by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock worth $1,132,000 after purchasing an additional 5,183 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Franklin Financial Services by 25.0% during the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock valued at $467,000 after acquiring an additional 3,306 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Financial Services during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 24.80% of the company’s stock.

About Franklin Financial Services

(Get Free Report)

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.

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