Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey Acquires 3,000 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey purchased 3,000 shares of Franklin Financial Services stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $33.90 per share, with a total value of $101,700.00. Following the completion of the transaction, the director now directly owns 23,782 shares of the company’s stock, valued at approximately $806,209.80. The trade was a 14.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Franklin Financial Services Trading Down 0.7 %

Shares of Franklin Financial Services stock opened at $36.54 on Friday. Franklin Financial Services Co. has a 12-month low of $25.11 and a 12-month high of $37.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The business’s 50 day moving average is $32.17 and its 200-day moving average is $31.67. The stock has a market cap of $161.36 million, a P/E ratio of 14.67 and a beta of 0.34.

Franklin Financial Services (NASDAQ:FRAF) last announced its quarterly earnings data 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th will be paid a $0.32 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.28 annualized dividend and a yield of 3.50%. Franklin Financial Services’s dividend payout ratio is 51.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Franklin Financial Services by 14.9% during 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 period. Renaissance Technologies LLC lifted its stake in shares of Franklin Financial Services by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after buying an additional 3,306 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Financial Services in the 2nd quarter valued at about $58,000. Empowered Funds LLC raised its holdings in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after acquiring an additional 1,608 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services during the third quarter worth approximately $205,000. 24.80% of the stock is currently owned by institutional investors.

Franklin Financial Services Company Profile

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.