Peoples Financial Services CORP. Takes $500,000 Position in Franklin Financial Services Corp. (NASDAQ:FRAF)

Peoples Financial Services CORP. purchased a new stake in Franklin Financial Services Corp. (NASDAQ:FRAF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,106 shares of the company's stock, valued at approximately $500,000. Peoples Financial Services CORP. owned approximately 0.32% of Franklin Financial Services at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Franklin Financial Services by 31.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,926 shares of the company's stock worth $267,000 after buying an additional 2,127 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Franklin Financial Services by 100,147.1% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 34,084 shares of the company's stock worth $1,208,000 after buying an additional 34,050 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in Franklin Financial Services by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 62,972 shares of the company's stock worth $1,883,000 after buying an additional 600 shares during the period. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Steven D. Butz sold 998 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $38.82, for a total value of $38,742.36. Following the transaction, the senior vice president owned 4,926 shares in the company, valued at approximately $191,227.32. The trade was a 16.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have purchased 28 shares of company stock valued at $1,081. 7.35% of the stock is currently owned by insiders.

Franklin Financial Services Trading Down 0.7%

NASDAQ:FRAF traded down $0.29 during mid-day trading on Friday, hitting $38.62. 19,973 shares of the company's stock were exchanged, compared to its average volume of 13,743. The firm has a market capitalization of $172.25 million, a P/E ratio of 14.85 and a beta of 0.14. Franklin Financial Services Corp. has a fifty-two week low of $27.35 and a fifty-two week high of $40.76. 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 company has a 50 day simple moving average of $37.13 and a 200-day simple moving average of $35.81.

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

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.