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

Franklin Financial Services Co. (NASDAQ:FRAF) Director Allan E. Jennings, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $30.51 per share, with a total value of $30,510.00. Following the acquisition, the director now owns 28,250 shares in the company, valued at $861,907.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Financial Services Stock Performance

FRAF stock opened at $32.20 on Friday. The firm has a market cap of $141.55 million, a price-to-earnings ratio of 10.32 and a beta of 0.32. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $35.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.05. The business’s fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $28.13.

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

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, August 2nd. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Franklin Financial Services during the 2nd quarter valued at $58,000. Empowered Funds LLC increased its stake in shares of Franklin Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock valued at $731,000 after buying an additional 2,100 shares during the period. Renaissance Technologies LLC increased 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 valued at $467,000 after buying an additional 3,306 shares during the period. Vanguard Group Inc. raised its holdings 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Franklin Financial Services by 14.9% in the second 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 period. 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.