Franklin Financial Services Co. (NASDAQ:FRAF) Sees Large Decline in Short Interest

Franklin Financial Services Co. (NASDAQ:FRAF) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 5,200 shares, a decline of 21.2% from the December 15th total of 6,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Franklin Financial Services

A number of institutional investors have recently bought and sold shares of FRAF. Fourthstone LLC increased its stake in shares of Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after acquiring an additional 1,507 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Franklin Financial Services by 14.9% during 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 raised its stake in shares of Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after acquiring an additional 1,608 shares in the last quarter. Renaissance Technologies LLC lifted 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 worth $467,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services in the 3rd quarter worth approximately $205,000. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Stock Up 3.6 %

Shares of FRAF traded up $1.15 during mid-day trading on Thursday, reaching $32.90. The company’s stock had a trading volume of 13,144 shares, compared to its average volume of 9,791. Franklin Financial Services has a 1 year low of $25.11 and a 1 year high of $34.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The company has a market cap of $145.42 million, a price-to-earnings ratio of 10.38 and a beta of 0.33. The business has a fifty day moving average of $31.92 and a 200 day moving average of $31.02.

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.