Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) President Acquires 6,756 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best acquired 6,756 shares of Franklin Financial Services stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $37.00 per share, with a total value of $249,972.00. Following the completion of the acquisition, the president now directly owns 15,606 shares in the company, valued at $577,422. This represents a 76.34 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Financial Services Trading Down 0.9 %

Franklin Financial Services stock opened at $37.03 on Monday. The business has a 50-day simple moving average of $34.22 and a two-hundred day simple moving average of $32.64. The company has a market cap of $163.52 million, a P/E ratio of 14.87 and a beta of 0.25. Franklin Financial Services Co. has a 52-week low of $25.11 and a 52-week high of $38.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60.

Franklin Financial Services (NASDAQ:FRAF) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share (EPS) for the quarter. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%.

Franklin Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.46%. Franklin Financial Services’s dividend payout ratio is currently 51.41%.

Institutional Investors Weigh In On Franklin Financial Services

Large investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of Franklin Financial Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after buying an additional 1,608 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Franklin Financial Services during the 3rd quarter valued at about $205,000. Fourthstone LLC lifted its position in shares of Franklin Financial Services by 0.3% during the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after buying an additional 1,507 shares in the last quarter. Barclays PLC purchased a new position in shares of Franklin Financial Services during the 3rd quarter valued at about $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Franklin Financial Services during the 4th quarter valued at about $65,000. 24.80% of the stock is currently owned by institutional investors.

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.