Farmers & Merchants Trust Co of Chambersburg PA Grows Position in Franklin Financial Services Corp. (NASDAQ:FRAF)

Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) by 100,147.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,084 shares of the company's stock after purchasing an additional 34,050 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA owned about 0.77% of Franklin Financial Services worth $1,208,000 at the end of the most recent reporting period.

Separately, Bridgeway Capital Management LLC lifted its position in shares of Franklin Financial Services by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 62,972 shares of the company's stock valued at $1,883,000 after buying an additional 600 shares in the last quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Franklin Financial Services

In other Franklin Financial Services news, SVP Steven D. Butz sold 998 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $38.82, for a total value of $38,742.36. Following the transaction, the senior vice president directly owned 4,926 shares in the company, valued at $191,227.32. The trade was a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 28 shares of company stock worth $1,081 in the last ninety days. 7.35% of the stock is currently owned by company insiders.

Franklin Financial Services Price Performance

Shares of Franklin Financial Services stock traded up $0.67 during mid-day trading on Tuesday, reaching $35.30. 13,940 shares of the stock traded hands, compared to its average volume of 12,820. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. Franklin Financial Services Corp. has a fifty-two week low of $27.00 and a fifty-two week high of $40.76. The stock has a market capitalization of $157.42 million, a PE ratio of 13.58 and a beta of 0.18. The business has a 50-day moving average of $37.43 and a 200 day moving average of $35.44.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.88 EPS for the quarter. The business had revenue of $20.17 million during the quarter. Franklin Financial Services had a net margin of 9.82% and a return on equity of 8.00%.

Franklin Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 2nd were issued a $0.33 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Franklin Financial Services's previous quarterly dividend of $0.32. Franklin Financial Services's dividend payout ratio is currently 50.77%.

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.