Franklin Financial Services (NASDAQ:FRAF) Trading Down 0.3% - Time to Sell?

Franklin Financial Services Corp. (NASDAQ:FRAF - Get Free Report) shares fell 0.3% during mid-day trading on Monday . The company traded as low as $34.11 and last traded at $34.51. Approximately 34,325 shares were traded during mid-day trading, an increase of 233% from the average session volume of 10,318 shares. The stock had previously closed at $34.60.

Franklin Financial Services Trading Down 0.4%

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 firm's 50-day moving average is $37.57 and its 200-day moving average is $35.40. The firm has a market cap of $153.78 million, a price-to-earnings ratio of 13.26 and a beta of 0.17.

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

Franklin Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, May 2nd. This is a positive change from Franklin Financial Services's previous quarterly dividend of $0.32. Franklin Financial Services's dividend payout ratio (DPR) is currently 50.77%.

Insider Buying and Selling

In related news, SVP Steven D. Butz sold 998 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 4,926 shares in the company, valued at approximately $191,227.32. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 28 shares of company stock valued at $1,081. Corporate insiders own 6.93% of the company's stock.

Institutional Trading of Franklin Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in Franklin Financial Services during the 1st quarter valued at $133,000. 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 valued at $267,000 after acquiring an additional 2,127 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Franklin Financial Services by 341.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,105 shares of the company's stock worth $323,000 after acquiring an additional 7,042 shares during the period. Peoples Financial Services CORP. bought a new position in shares of Franklin Financial Services in the 1st quarter worth approximately $500,000. Finally, Jane Street Group LLC bought a new stake in shares of Franklin Financial Services during the first quarter valued at approximately $529,000. 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.