Franklin Financial Services Corp. Plans Quarterly Dividend of $0.33 (NASDAQ:FRAF)

Franklin Financial Services Corp. (NASDAQ:FRAF - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, RTT News reports. Investors of record on Friday, August 1st will be paid a dividend of 0.33 per share on Wednesday, August 27th. This represents a $1.32 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, August 1st.

Franklin Financial Services Stock Performance

NASDAQ:FRAF traded down $0.10 during mid-day trading on Thursday, hitting $42.83. 37,396 shares of the company's stock traded hands, compared to its average volume of 23,055. Franklin Financial Services has a 12 month low of $28.01 and a 12 month high of $44.27. The firm has a market capitalization of $191.02 million, a price-to-earnings ratio of 13.14 and a beta of 0.14. The firm has a 50 day moving average of $37.35 and a two-hundred day moving average of $36.29. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

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

Insider Activity

In other news, SVP Steven D. Butz sold 998 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $38.82, for a total value of $38,742.36. Following the sale, the senior vice president owned 4,926 shares of the company's stock, valued at approximately $191,227.32. This represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 28 shares of company stock valued at $1,081. Corporate insiders own 6.93% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FRAF. Goldman Sachs Group Inc. bought a new stake in Franklin Financial Services during the 1st quarter worth about $571,000. Jane Street Group LLC acquired a new position in Franklin Financial Services in the first quarter valued at about $529,000. Cubist Systematic Strategies LLC acquired a new position in shares of Franklin Financial Services in the first quarter valued at approximately $133,000. Finally, Empowered Funds LLC boosted its stake in Franklin Financial Services by 3.7% in the 1st quarter. Empowered Funds LLC now owns 33,474 shares of the company's stock worth $1,187,000 after purchasing an additional 1,202 shares during the period. Institutional investors own 24.80% 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.