Northwestern Mutual Wealth Management Co. Has $323,000 Stock Position in Franklin Financial Services Corp. $FRAF

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Franklin Financial Services by 341.3%, owning a total of 9,105 shares valued at approximately $323,000 after acquiring an additional 7,042 shares.
• Franklin Financial Services recently declared a quarterly dividend of $0.33 per share, translating to an annualized yield of 2.8% and a payout ratio of 40.49%.
• The company's recent quarterly earnings report showed an EPS of $1.32 and a net margin of 11.78%, with total revenue reaching $22.34 million.

Northwestern Mutual Wealth Management Co. boosted its stake in Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) by 341.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,105 shares of the company's stock after purchasing an additional 7,042 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.21% of Franklin Financial Services worth $323,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Peoples Financial Services CORP. bought a new stake in shares of Franklin Financial Services during the first quarter worth about $500,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of 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 worth $1,208,000 after purchasing an additional 34,050 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position 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 acquiring an additional 600 shares in the last quarter. 24.80% of the stock is owned by hedge funds and other institutional investors.

Franklin Financial Services Stock Performance

Franklin Financial Services stock traded up $0.34 during trading hours on Monday, hitting $47.59. 4,064 shares of the stock traded hands, compared to its average volume of 22,424. The stock has a market capitalization of $213.20 million, a price-to-earnings ratio of 14.58 and a beta of 0.20. Franklin Financial Services Corp. has a 1 year low of $28.01 and a 1 year high of $48.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The firm's 50 day moving average price is $41.36 and its 200-day moving average price is $38.37.

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

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. Franklin Financial Services's dividend payout ratio is 40.49%.

Insider Buying and Selling at Franklin Financial Services

In other Franklin Financial Services news, SVP Scott D. Ehrig sold 1,060 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $46.83, for a total transaction of $49,639.80. Following the completion of the sale, the senior vice president directly owned 1,942 shares in the company, valued at $90,943.86. This trade represents a 35.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.35% of the stock is owned by insiders.

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.