Franklin Financial Services Co. (NASDAQ:FRAF) Director Buys $101,700.00 in Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey bought 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 acquisition, the director now directly owns 23,782 shares in the company, valued at $806,209.80. This trade represents a 14.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Franklin Financial Services Stock Performance

Shares of FRAF stock traded up $0.03 during midday trading on Friday, hitting $36.51. 6,667 shares of the company were exchanged, compared to its average volume of 10,668. Franklin Financial Services Co. has a 52 week low of $25.11 and a 52 week high of $37.11. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $32.17 and its two-hundred day moving average price is $31.67. The firm has a market capitalization of $161.37 million, a P/E ratio of 14.66 and a beta of 0.34.

Franklin Financial Services (NASDAQ:FRAF) last issued its 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, February 7th. Franklin Financial Services’s payout ratio is presently 51.41%.

Institutional Investors Weigh In On Franklin Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in FRAF. Dimensional Fund Advisors LP grew its holdings in shares of Franklin Financial Services by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock valued at $1,132,000 after purchasing an additional 5,183 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 valued at $467,000 after purchasing an additional 3,306 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Franklin Financial Services during the 2nd quarter valued at approximately $58,000. Empowered Funds LLC grew its holdings in shares of Franklin Financial Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Franklin Financial Services during the 3rd quarter valued at approximately $205,000. 24.80% of the stock is 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.