Short Interest in Franklin Financial Services Co. (NASDAQ:FRAF) Decreases By 13.2%

Franklin Financial Services Co. (NASDAQ:FRAF) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 5,900 shares, a drop of 13.2% from the November 15th total of 6,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Franklin Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fourthstone LLC raised its position in Franklin Financial Services by 0.3% in the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after purchasing an additional 1,507 shares during the period. Vanguard Group Inc. boosted its holdings in Franklin Financial Services by 2.3% during the 1st 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 during the period. Dimensional Fund Advisors LP grew its position in Franklin Financial Services by 14.9% in the 2nd 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 last quarter. Empowered Funds LLC lifted its position in shares of Franklin Financial Services by 5.3% during the third quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock worth $954,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 last quarter. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Stock Performance

NASDAQ FRAF traded down $0.23 during trading hours on Tuesday, hitting $33.08. The company’s stock had a trading volume of 11,984 shares, compared to its average volume of 5,400. The company’s 50 day simple moving average is $32.34 and its two-hundred day simple moving average is $30.63. 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 P/E ratio of 10.44 and a beta of 0.31. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.92.

Franklin Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.28 annualized dividend and a dividend yield of 3.87%. Franklin Financial Services’s payout ratio is 40.38%.

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.