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

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

Franklin Financial Services Stock Performance

The firm’s fifty day moving average price is $31.09 and its 200-day moving average price is $28.64. The company has a market cap of $134.06 million, a P/E ratio of 9.74 and a beta of 0.32. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.05.

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

Franklin Financial Services Dividend Announcement

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

Insider Buying and Selling

In other Franklin Financial Services news, Director Allan E. Jennings, Jr. purchased 1,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $30.51 per share, with a total value of $30,510.00. Following the acquisition, the director now directly owns 28,250 shares of the company’s stock, valued at approximately $861,907.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders bought a total of 1,402 shares of company stock valued at $42,898 over the last ninety days. 6.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Franklin Financial Services by 2.3% in 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 in the last quarter. Empowered Funds LLC raised its stake in Franklin Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after acquiring an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $58,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Franklin Financial Services by 25.0% in the 2nd 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 last quarter. 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.