Goldman Sachs Group Inc. Purchases New Shares in Franklin Financial Services Corp. $FRAF

Key Points

• Goldman Sachs Group Inc. acquired 16,098 shares of Franklin Financial Services Corp. during the 1st quarter, valued at approximately $571,000, representing a 0.36% ownership stake in the company.
• Franklin Financial Services recently announced a quarterly dividend of $0.33 per share, yielding 2.7%, with a payout ratio of 40.49%.
• The company's stock has performed well, opening at $48.27, with a 52-week high of $49.42 and a PE ratio of 14.81.

Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,098 shares of the company's stock, valued at approximately $571,000. Goldman Sachs Group Inc. owned 0.36% of Franklin Financial Services as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in Franklin Financial Services during the 1st quarter valued at $133,000. Northwestern Mutual Wealth Management Co. raised its holdings in Franklin Financial Services by 341.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,105 shares of the company's stock valued at $323,000 after buying an additional 7,042 shares during the period. Peoples Financial Services CORP. purchased a new stake in Franklin Financial Services during the 1st quarter valued at $500,000. Jane Street Group LLC purchased a new stake in Franklin Financial Services during the 1st quarter valued at $529,000. Finally, Empowered Funds LLC raised its holdings in Franklin Financial Services by 3.7% during the 1st quarter. Empowered Funds LLC now owns 33,474 shares of the company's stock valued at $1,187,000 after buying an additional 1,202 shares during the period. Hedge funds and other institutional investors own 24.80% of the company's stock.

Franklin Financial Services Stock Performance

Shares of Franklin Financial Services stock opened at $48.27 on Friday. The stock's fifty day moving average is $44.26 and its two-hundred day moving average is $39.38. The company has a market capitalization of $216.25 million, a PE ratio of 14.81 and a beta of 0.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. Franklin Financial Services Corp. has a 52 week low of $28.01 and a 52 week high of $49.42.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.32 EPS for the quarter. The company had revenue of $22.34 million for the quarter. Franklin Financial Services had a return on equity of 9.64% and a net margin of 11.78%.

Franklin Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 1st were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 1st. Franklin Financial Services's dividend payout ratio is 40.49%.

Insider Buying and Selling

In other Franklin Financial Services news, SVP Scott D. Ehrig sold 1,060 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $46.83, for a total value of $49,639.80. Following the transaction, the senior vice president owned 1,942 shares of the company's stock, valued at $90,943.86. This represents a 35.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.93% of the stock is owned by company insiders.

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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