Franklin Financial Services Corp. (NASDAQ:FRAF - Get Free Report)'s stock price dropped 0.3% on Monday . The stock traded as low as $34.11 and last traded at $34.51. Approximately 34,325 shares changed hands during trading, an increase of 233% from the average daily volume of 10,318 shares. The stock had previously closed at $34.60.
Franklin Financial Services Stock Performance
The firm has a market capitalization of $153.85 million, a price-to-earnings ratio of 13.27 and a beta of 0.17. The company has a fifty day moving average of $37.65 and a two-hundred day moving average of $35.39. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89.
Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.88 earnings per share for the quarter. The business had revenue of $20.17 million during the quarter. Franklin Financial Services had a return on equity of 8.00% and a net margin of 9.82%.
Franklin Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 2nd were issued a $0.33 dividend. The ex-dividend date was Friday, May 2nd. This is a boost from Franklin Financial Services's previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 3.82%. Franklin Financial Services's payout ratio is currently 50.77%.
Insider Buying and Selling at Franklin Financial Services
In other news, SVP Steven D. Butz sold 998 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $38.82, for a total transaction of $38,742.36. Following the completion of the transaction, the senior vice president now owns 4,926 shares of the company's stock, valued at approximately $191,227.32. The trade was a 16.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 28 shares of company stock valued at $1,081 in the last three months. Corporate insiders own 6.93% of the company's stock.
Institutional Investors Weigh In On Franklin Financial Services
Hedge funds and other institutional investors have recently bought and sold shares of the company. PL Capital Advisors LLC bought a new stake in Franklin Financial Services during the 4th quarter worth $385,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Franklin Financial Services by 31.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,926 shares of the company's stock valued at $267,000 after buying an additional 2,127 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Franklin Financial Services by 1.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 62,972 shares of the company's stock valued at $1,883,000 after buying an additional 600 shares during the last quarter. Empowered Funds LLC grew its position in shares of Franklin Financial Services by 3.7% in the 1st quarter. Empowered Funds LLC now owns 33,474 shares of the company's stock valued at $1,187,000 after buying an additional 1,202 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Franklin Financial Services in the 1st quarter valued at about $571,000. Institutional investors own 24.80% of the company's stock.
Franklin Financial Services Company Profile
(
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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