Franklin Financial Services (NASDAQ:FRAF) Stock Price Down 0.8% – What’s Next?

Franklin Financial Services Corp. (NASDAQ:FRAF) dropped 0.8% on Thursday . The stock traded as low as $44.99 and last traded at $45.38. Approximately 20,867 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 20,796 shares. The stock had previously closed at $45.73.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Franklin Financial Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Franklin Financial Services Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day simple moving average is $46.40 and its two-hundred day simple moving average is $41.20. The stock has a market capitalization of $203.30 million, a PE ratio of 12.97 and a beta of 0.15.

Franklin Financial Services (NASDAQ:FRAF) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.19 earnings per share for the quarter. Franklin Financial Services had a net margin of 12.34% and a return on equity of 10.37%. The business had revenue of $23.00 million during the quarter.

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.32 annualized dividend and a yield of 2.9%. Franklin Financial Services’s dividend payout ratio (DPR) is presently 40.49%.

Insiders Place Their Bets

In related news, SVP Scott D. Ehrig sold 1,060 shares of Franklin Financial Services stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $46.83, for a total transaction of $49,639.80. Following the completion of the sale, the senior vice president owned 1,942 shares in the company, valued at approximately $90,943.86. This trade represents a 35.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.93% of the company’s stock.

Institutional Trading of Franklin Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRAF. Geode Capital Management LLC grew its holdings in shares of Franklin Financial Services by 109.8% during the second quarter. Geode Capital Management LLC now owns 98,224 shares of the company’s stock worth $3,401,000 after buying an additional 51,407 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Franklin Financial Services by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 64,715 shares of the company’s stock worth $2,241,000 after buying an additional 541 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Franklin Financial Services by 333.6% during the second quarter. Marshall Wace LLP now owns 45,468 shares of the company’s stock worth $1,575,000 after buying an additional 34,982 shares in the last quarter. Empowered Funds LLC grew its stake in Franklin Financial Services by 3.7% in the 1st quarter. Empowered Funds LLC now owns 33,474 shares of the company’s stock worth $1,187,000 after acquiring an additional 1,202 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Franklin Financial Services by 62.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 32,702 shares of the company’s stock worth $1,132,000 after acquiring an additional 12,579 shares during the period. Hedge funds and other institutional investors own 24.80% of the company’s stock.

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.