Franklin Financial Services (NASDAQ:FRAF) Shares Down 0.6% - Should You Sell?

Key Points

• Franklin Financial Services' stock has decreased by 0.6%, reaching a low of $38.87 during midday trading, with an average volume drop of 74%.
• The company reported **$1.32 earnings per share** and a **net margin of 11.78%** for the last quarter, alongside declaring a **quarterly dividend of $0.33** with a yield of 3.4%.
• Institutional investors now hold **24.80% of the company's stock**, with significant new stakes taken by firms such as Goldman Sachs and Northwestern Mutual Wealth Management.

Franklin Financial Services Corp. (NASDAQ:FRAF - Get Free Report) shares traded down 0.6% on Wednesday . The company traded as low as $38.87 and last traded at $38.92. 8,944 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 34,469 shares. The stock had previously closed at $39.17.

Franklin Financial Services Trading Up 3.4%

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 company has a fifty day moving average price of $37.74 and a two-hundred day moving average price of $37.15. The firm has a market capitalization of $179.69 million, a price-to-earnings ratio of 12.36 and a beta of 0.18.

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

Franklin Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 1st. Franklin Financial Services's dividend payout ratio (DPR) is presently 40.49%.

Insider Transactions at Franklin Financial Services

In other Franklin Financial Services news, SVP Steven D. Butz sold 998 shares of the business'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 transaction, the senior vice president directly owned 4,926 shares in the company, valued at $191,227.32. The trade was a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 53 shares of company stock worth $2,093 in the last ninety days. 6.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRAF. Police & Firemen s Retirement System of New Jersey purchased a new stake in Franklin Financial Services in the second quarter valued at approximately $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Franklin Financial Services in the first quarter valued at $133,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Franklin Financial Services by 341.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,105 shares of the company's stock valued at $323,000 after buying an additional 7,042 shares during the period. Peoples Financial Services CORP. purchased a new stake in shares of Franklin Financial Services in the 1st quarter valued at $500,000. Finally, Jane Street Group LLC acquired a new position in Franklin Financial Services during the 1st quarter worth about $529,000. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Financial Services

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.