Franklin Financial Services Corp. $FRAF Shares Sold by PL Capital Advisors LLC

Key Points

• PL Capital Advisors LLC has reduced its stake in Franklin Financial Services Corp. by 50.8%, now holding 6,337 shares valued at approximately $225,000.
• Franklin Financial Services recently announced a quarterly dividend of $0.33 per share, with a yield of 3.1%, to be paid on August 27th.
• The company's most recent earnings report showed an EPS of $1.32 and revenue of $22.34 million, with a net margin of 11.78% and return on equity of 9.78%.

PL Capital Advisors LLC trimmed its holdings in shares of Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) by 50.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,337 shares of the company's stock after selling 6,546 shares during the period. Franklin Financial Services accounts for 0.1% of PL Capital Advisors LLC's portfolio, making the stock its 24th biggest position. PL Capital Advisors LLC owned approximately 0.14% of Franklin Financial Services worth $225,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FRAF. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Franklin Financial Services by 100,147.1% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 34,084 shares of the company's stock valued at $1,208,000 after buying an additional 34,050 shares during the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of Franklin Financial Services in the 1st quarter worth about $500,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Franklin Financial Services by 1.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 62,972 shares of the company's stock worth $1,883,000 after acquiring an additional 600 shares during the period. 24.80% of the stock is currently owned by institutional investors.

Franklin Financial Services Stock Down 0.8%

FRAF stock opened at $42.40 on Monday. 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 $28.01 and a fifty-two week high of $44.27. The firm's 50-day simple moving average is $38.25 and its 200 day simple moving average is $37.48. The stock has a market cap of $189.10 million, a PE ratio of 13.01 and a beta of 0.18.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.32 earnings per share for the quarter. The business had revenue of $22.34 million for the quarter. Franklin Financial Services had a net margin of 11.78% and a return on equity of 9.78%.

Franklin Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.32 annualized dividend and a yield of 3.1%. Franklin Financial Services's dividend payout ratio (DPR) is presently 40.49%.

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.

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