Franklin Financial Services Co. (NASDAQ:FRAF) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in Franklin Financial Services Co. (NASDAQ:FRAF) by 31.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,926 shares of the company’s stock after purchasing an additional 2,127 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Franklin Financial Services were worth $267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fourthstone LLC increased its holdings in Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after buying an additional 1,507 shares in the last quarter. PL Capital Advisors LLC acquired a new stake in shares of Franklin Financial Services in the 4th quarter worth approximately $11,518,000. Empowered Funds LLC increased its stake in Franklin Financial Services by 1.9% in the 4th quarter. Empowered Funds LLC now owns 32,272 shares of the company’s stock valued at $965,000 after purchasing an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Franklin Financial Services during the fourth quarter worth $65,000. Finally, Barclays PLC purchased a new stake in Franklin Financial Services during the third quarter worth $32,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

Insider Buying and Selling at Franklin Financial Services

In related news, Director Gregory A. Duffey acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $33.90 per share, with a total value of $101,700.00. Following the completion of the purchase, the director now directly owns 23,782 shares in the company, valued at approximately $806,209.80. The trade was a 14.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Craig W. Best acquired 6,756 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $37.00 per share, with a total value of $249,972.00. Following the transaction, the president now owns 15,606 shares in the company, valued at $577,422. This represents a 76.34 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 9,785 shares of company stock worth $352,751. 6.93% of the stock is owned by insiders.

Franklin Financial Services Trading Down 2.1 %

Shares of FRAF stock opened at $35.73 on Monday. The stock has a market cap of $158.64 million, a P/E ratio of 14.35 and a beta of 0.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. Franklin Financial Services Co. has a fifty-two week low of $25.11 and a fifty-two week high of $38.41. The business has a fifty day simple moving average of $35.62 and a 200-day simple moving average of $33.01.

Franklin Financial Services (NASDAQ:FRAF) last posted its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, February 7th. Franklin Financial Services’s payout ratio is currently 51.41%.

Franklin Financial Services 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.