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

Franklin Financial Services Co. (NASDAQ:FRAF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,100 shares, a growth of 52.8% from the May 31st total of 5,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 1.3 days.

Franklin Financial Services Price Performance

Shares of FRAF stock opened at $28.28 on Monday. The stock has a 50 day moving average of $27.76 and a two-hundred day moving average of $28.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.09. Franklin Financial Services has a 12 month low of $25.11 and a 12 month high of $35.00. The company has a market capitalization of $124.43 million, a P/E ratio of 9.06 and a beta of 0.34.

Franklin Financial Services (NASDAQ:FRAF) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.77 EPS for the quarter. Franklin Financial Services had a return on equity of 10.91% and a net margin of 13.69%. The company had revenue of $17.74 million during the quarter.

Franklin Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd were given a $0.32 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.53%. Franklin Financial Services’s dividend payout ratio is currently 41.03%.

Insider Buying and Selling

In related news, Director Gregory A. Duffey purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $25.90 per share, for a total transaction of $51,800.00. Following the transaction, the director now directly owns 20,127 shares of the company’s stock, valued at approximately $521,289.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 4,690 shares of company stock valued at $130,039. 6.93% of the stock is owned by company insiders.

Institutional Trading of Franklin Financial Services

A number of hedge funds have recently modified their holdings of the company. 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 holdings in shares of Franklin Financial Services by 8.1% in the 1st quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after buying an additional 2,100 shares in the last quarter. RKL Wealth Management LLC acquired a new position in shares of Franklin Financial Services in the 4th quarter worth approximately $285,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Franklin Financial Services by 2,181.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company’s stock worth $1,315,000 after buying an additional 39,862 shares in 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.