Franklin Financial Services Corp. $FRAF Shares Bought by Northwestern Mutual Wealth Management Co.

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. lifted its position in shares of Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) by 341.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Bridgeway Capital Management LLC raised its stake 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 worth $1,883,000 after purchasing an additional 600 shares during the last quarter. Peoples Financial Services CORP. purchased a new stake in Franklin Financial Services in the first quarter worth about $500,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Franklin Financial Services by 100,147.1% during 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 in the last quarter. 24.80% of the stock is owned by institutional investors.

Franklin Financial Services Price Performance

Franklin Financial Services stock traded down $0.15 during midday trading on Tuesday, reaching $47.50. 2,033 shares of the stock traded hands, compared to its average volume of 22,338. The stock's fifty day moving average is $41.62 and its 200-day moving average is $38.44. Franklin Financial Services Corp. has a 12 month low of $28.01 and a 12 month high of $48.24. The stock has a market cap of $212.80 million, a P/E ratio of 14.57 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 (NASDAQ:FRAF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.32 EPS for the quarter. The firm 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 1st were issued a $0.33 dividend. The ex-dividend date 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 (DPR) is currently 40.49%.

Insider Activity

In other news, SVP Scott D. Ehrig sold 1,060 shares of Franklin Financial Services 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 directly owned 1,942 shares in the company, valued at approximately $90,943.86. This trade represents a 35.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.35% of the company's stock.

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.