Franklin Financial Services (NASDAQ:FRAF) Issues Quarterly Earnings Results

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) issued its earnings results on Tuesday. The company reported $0.88 EPS for the quarter, Zacks reports. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%.

Franklin Financial Services Stock Performance

Shares of FRAF traded up $0.34 during mid-day trading on Tuesday, hitting $39.54. 1,997 shares of the company traded hands, compared to its average volume of 8,983. The stock has a market cap of $175.55 million, a price-to-earnings ratio of 15.87 and a beta of 0.18. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50-day moving average price of $36.34 and a two-hundred day moving average price of $33.94. Franklin Financial Services has a 1 year low of $25.90 and a 1 year high of $41.10.

Franklin Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 2nd will be given a $0.33 dividend. This is a positive change from Franklin Financial Services's previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.34%. Franklin Financial Services's payout ratio is 53.01%.

Insider Activity

In other Franklin Financial Services news, Director Gregory A. Duffey purchased 3,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $33.90 per share, for a total transaction of $101,700.00. Following the purchase, the director now directly owns 23,782 shares of the company's stock, valued at $806,209.80. The trade was a 14.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Craig W. Best acquired 6,756 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $37.00 per share, with a total value of $249,972.00. Following the transaction, the president now owns 15,606 shares in the company, valued at approximately $577,422. This trade represents a 76.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 9,785 shares of company stock valued at $352,751 in the last ninety days. 6.93% of the stock is currently owned by company insiders.

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.

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