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

Franklin Financial Services Co. (NASDAQ:FRAF) Director Allan E. Jennings, Jr. purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $30.51 per share, for a total transaction of $30,510.00. Following the completion of the purchase, the director now directly owns 28,250 shares of the company’s stock, valued at approximately $861,907.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Franklin Financial Services Price Performance

Shares of Franklin Financial Services stock opened at $32.20 on Friday. The stock has a market capitalization of $141.55 million, a price-to-earnings ratio of 10.32 and a beta of 0.32. The company has a fifty day moving average of $30.05 and a 200-day moving average of $28.11. Franklin Financial Services Co. has a 52-week low of $25.11 and a 52-week 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.

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

Franklin Financial Services Dividend Announcement

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 was Friday, August 2nd. This represents a $1.28 annualized dividend and a yield of 3.98%. Franklin Financial Services’s payout ratio is 41.03%.

Hedge Funds Weigh In On Franklin Financial Services

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

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.