PL Capital Advisors LLC Makes New $385,000 Investment in Franklin Financial Services Co. (NASDAQ:FRAF)

PL Capital Advisors LLC purchased a new stake in Franklin Financial Services Co. (NASDAQ:FRAF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,883 shares of the company’s stock, valued at approximately $385,000. Franklin Financial Services accounts for about 0.1% of PL Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. PL Capital Advisors LLC owned approximately 0.29% of Franklin Financial Services at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Franklin Financial Services during the 3rd quarter valued at $205,000. Wilmington Savings Fund Society FSB purchased a new position in Franklin Financial Services during the fourth quarter valued at approximately $65,000. Empowered Funds LLC lifted its stake in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock worth $954,000 after purchasing an additional 1,608 shares in the last quarter. Fourthstone LLC increased its stake in Franklin Financial Services by 0.3% in the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after acquiring an additional 1,507 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Franklin Financial Services during the 3rd quarter valued at about $32,000. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Franklin Financial Services news, Director Gregory A. Duffey acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $33.90 per share, with a total value of $101,700.00. Following the purchase, the director now owns 23,782 shares of the company’s stock, valued at approximately $806,209.80. This trade represents a 14.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 3,032 shares of company stock valued at $102,773 over the last 90 days. Insiders own 6.93% of the company’s stock.

Franklin Financial Services Stock Down 0.1 %

FRAF stock opened at $37.23 on Wednesday. The company’s 50 day moving average is $33.21 and its 200 day moving average is $32.23. The stock has a market cap of $164.41 million, a price-to-earnings ratio of 14.95 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. Franklin Financial Services Co. has a 1-year low of $25.11 and a 1-year high of $38.41.

Franklin Financial Services (NASDAQ:FRAF) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Franklin Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, February 7th. Franklin Financial Services’s dividend payout ratio (DPR) is currently 51.41%.

About Franklin Financial Services

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.