Franklin Financial Services (NASDAQ:FRAF) Shares Down 0.3%

Shares of Franklin Financial Services Co. (NASDAQ:FRAF) fell 0.3% on Friday . The company traded as low as $30.40 and last traded at $30.40. 838 shares changed hands during trading, a decline of 85% from the average session volume of 5,643 shares. The stock had previously closed at $30.48.

Franklin Financial Services Price Performance

The stock has a fifty day moving average of $31.09 and a two-hundred day moving average of $28.64. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $134.06 million, a price-to-earnings ratio of 9.74 and a beta of 0.32.

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

Franklin Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, August 2nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, August 2nd. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

Insider Transactions at Franklin Financial Services

In related news, Director Allan E. Jennings, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $30.51 per share, with a total value of $30,510.00. Following the completion of the acquisition, the director now directly owns 28,250 shares in the company, valued at approximately $861,907.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 1,402 shares of company stock worth $42,898. Corporate insiders own 6.93% of the company’s stock.

Hedge Funds Weigh In On Franklin Financial Services

Several hedge funds have recently added to or reduced their stakes in FRAF. Empowered Funds LLC raised its holdings in Franklin Financial Services by 8.1% during the 1st quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after purchasing an additional 2,100 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Franklin Financial Services by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock worth $3,923,000 after buying an additional 3,436 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 5,183 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Franklin Financial Services by 25.0% during the second 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. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Franklin Financial Services in the second quarter valued at approximately $58,000. 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.