Franklin Financial Services (NASDAQ:FRAF) Issues Quarterly Earnings Results

Key Points

• Franklin Financial Services reported quarterly EPS of $1.89, beating analysts’ consensus estimate of $1.45 by $0.44. The company posted an 18.20% net margin and 14.00% return on equity.
• FRAF shares rose to $64.95 during Tuesday trading, near the company’s 52-week high of $65.41, giving it a market capitalization of approximately $292.3 million.
• The company declared a quarterly dividend of $0.34 per share, equivalent to $1.36 annually and a 2.1% yield. Analysts maintain a “Moderate Buy” consensus with a $68.00 price target.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.44, Zacks reports. Franklin Financial Services had a net margin of 18.20% and a return on equity of 14.00%.

Franklin Financial Services Stock Performance

FRAF stock traded up $0.85 during midday trading on Tuesday, reaching $64.95. The company had a trading volume of 54,737 shares, compared to its average volume of 39,435. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $62.86 and a 200 day moving average price of $57.73. Franklin Financial Services has a fifty-two week low of $44.99 and a fifty-two week high of $65.41. The firm has a market capitalization of $292.27 million, a PE ratio of 11.83 and a beta of -0.02.

Franklin Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 6th. Franklin Financial Services's payout ratio is presently 24.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FRAF shares. Wall Street Zen lowered shares of Franklin Financial Services from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. Weiss Ratings upgraded shares of Franklin Financial Services from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday, October 21st. Finally, Hovde Group upped their price target on shares of Franklin Financial Services from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

About Franklin Financial Services

Franklin Financial Services Corporation is a bank holding company headquartered in Chambersburg, Pennsylvania. Its principal subsidiary, F&M Trust, is a community bank that serves individuals, families, businesses and nonprofit organizations through banking offices and digital channels.

F&M Trust offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, consumer loans, commercial real estate and business loans, treasury management and online banking.

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