Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) Director Acquires 1,000 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Allan E. Jennings, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $30.51 per share, for a total transaction of $30,510.00. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink.

Franklin Financial Services Price Performance

NASDAQ:FRAF traded down $0.07 during mid-day trading on Friday, hitting $32.25. The company’s stock had a trading volume of 755 shares, compared to its average volume of 5,838. The stock has a fifty day moving average of $29.97 and a 200-day moving average of $28.07. 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 company has a market capitalization of $141.77 million, a price-to-earnings ratio of 10.36 and a beta of 0.32. Franklin Financial Services Co. has a fifty-two week low of $25.11 and a fifty-two week high of $35.00.

Franklin Financial Services (NASDAQ:FRAF) last announced its 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 return on equity of 10.60% and a net margin of 12.85%.

Franklin Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 2nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.97%. Franklin Financial Services’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Investors Weigh In On Franklin Financial Services

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased 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 purchasing an additional 3,436 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of 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 buying an additional 2,100 shares during the period. 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 worth $1,132,000 after purchasing an additional 5,183 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Financial Services during the second quarter worth $58,000. Finally, Renaissance Technologies LLC boosted its holdings in Franklin Financial Services by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock valued at $467,000 after purchasing an additional 3,306 shares during the period. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Company Profile

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.