Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey Buys 2,000 Shares

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) Director Gregory A. Duffey bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $29.00 per share, with a total value of $58,000.00. Following the purchase, the director now directly owns 17,964 shares of the company's stock, valued at $520,956. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Franklin Financial Services Stock Down 2.0 %

Franklin Financial Services stock traded down $0.56 during mid-day trading on Tuesday, reaching $28.12. The stock had a trading volume of 4,181 shares, compared to its average volume of 4,761. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. Franklin Financial Services Co. has a fifty-two week low of $23.96 and a fifty-two week high of $35.00. The stock's 50-day simple moving average is $27.07 and its 200-day simple moving average is $29.67. The firm has a market capitalization of $123.45 million, a PE ratio of 9.01 and a beta of 0.35.

Franklin Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. Franklin Financial Services's dividend payout ratio (DPR) is presently 41.03%.

Institutional Investors Weigh In On Franklin Financial Services

Hedge funds have recently added to or reduced their stakes in the company. RKL Wealth Management LLC acquired a new stake in Franklin Financial Services in the fourth quarter valued at approximately $285,000. Empowered Funds LLC grew its stake in Franklin Financial Services by 8.1% in the first quarter. Empowered Funds LLC now owns 27,904 shares of the company's stock valued at $731,000 after acquiring an additional 2,100 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Franklin Financial Services by 2,181.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company's stock valued at $1,315,000 after acquiring an additional 39,862 shares during the period. Institutional investors and hedge funds 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.