Franklin Financial Services (NASDAQ:FRAF - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $22.34 million during the quarter. Franklin Financial Services had a net margin of 11.78% and a return on equity of 9.78%.
Franklin Financial Services Trading Down 0.5%
Franklin Financial Services stock traded down $0.24 during midday trading on Friday, reaching $42.60. The stock had a trading volume of 10,186 shares, compared to its average volume of 22,959. Franklin Financial Services has a twelve month low of $28.01 and a twelve month high of $44.27. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $189.97 million, a price-to-earnings ratio of 13.07 and a beta of 0.14. The firm's fifty day simple moving average is $37.42 and its two-hundred day simple moving average is $36.39.
Franklin Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, August 1st. Franklin Financial Services's payout ratio is 50.77%.
Insider Transactions at Franklin Financial Services
In other Franklin Financial Services news, SVP Steven D. Butz sold 998 shares of the 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 completion of the sale, the senior vice president owned 4,926 shares in the company, valued at $191,227.32. This represents a 16.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 28 shares of company stock valued at $1,081. 6.93% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of FRAF. Jane Street Group LLC acquired a new stake in Franklin Financial Services in the 1st quarter worth $529,000. Empowered Funds LLC raised its stake in shares of Franklin Financial Services by 3.7% during the first quarter. Empowered Funds LLC now owns 33,474 shares of the company's stock worth $1,187,000 after buying an additional 1,202 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Franklin Financial Services during the first quarter worth approximately $571,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Franklin Financial Services during the first quarter worth approximately $133,000. Institutional investors own 24.80% of the company's stock.
About Franklin Financial Services
(
Get Free Report)
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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