Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Update

Franklin Financial Services Co. (NASDAQ:FRAFGet Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 5,900 shares, a decrease of 13.2% from the November 15th total of 6,800 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the shares of the company are short sold.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF opened at $33.08 on Tuesday. Franklin Financial Services has a 12-month low of $25.11 and a 12-month high of $34.15. The company has a market cap of $146.08 million, a PE ratio of 10.44 and a beta of 0.31. The stock has a 50 day simple moving average of $32.34 and a 200-day simple moving average of $30.63. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60.

Franklin Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, November 1st. Franklin Financial Services’s dividend payout ratio (DPR) is 40.38%.

Institutional Investors Weigh In On Franklin Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Franklin Financial Services during the 3rd quarter worth about $205,000. Dimensional Fund Advisors LP increased 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 valued at $1,132,000 after acquiring an additional 5,183 shares during the period. Vanguard Group Inc. raised its holdings in Franklin Financial Services by 2.3% during the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock worth $3,923,000 after purchasing an additional 3,436 shares in the last quarter. Renaissance Technologies LLC lifted its position in Franklin Financial Services by 25.0% in the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after purchasing an additional 3,306 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Franklin Financial Services in the second quarter worth approximately $58,000. 24.80% of the stock is currently owned by institutional investors.

Franklin Financial Services Company Profile

(Get Free Report)

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.

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