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

Farmers & Merchants Trust Co of Chambersburg PA grew its position in Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) by 100,147.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,084 shares of the company's stock after acquiring 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 as of its most recent SEC filing.

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

Franklin Financial Services Trading Up 0.8%

NASDAQ FRAF traded up $0.31 on Thursday, reaching $37.07. 16,186 shares of the company were exchanged, compared to its average volume of 13,093. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The business's fifty day moving average price is $37.31 and its 200 day moving average price is $35.46. The stock has a market capitalization of $165.24 million, a P/E ratio of 14.26 and a beta of 0.14. Franklin Financial Services Corp. has a fifty-two week low of $27.00 and a fifty-two week high of $40.76.

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

Franklin Financial Services Increases Dividend

The firm 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 of this dividend was Friday, May 2nd. This is a boost from Franklin Financial Services's previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 3.56%. Franklin Financial Services's dividend payout ratio is currently 50.77%.

Insiders Place Their Bets

In other Franklin Financial Services news, SVP Steven D. Butz sold 998 shares of Franklin Financial Services stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $38.82, for a total value of $38,742.36. Following the sale, the senior vice president owned 4,926 shares in the company, valued at $191,227.32. The trade was a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 28 shares of company stock valued at $1,081 in the last ninety days. Corporate insiders own 6.93% of the company's stock.

Franklin Financial Services 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.