Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Franklin Financial Services Co. (NASDAQ:FRAF - Free Report) by 2,181.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,689 shares of the company's stock after purchasing an additional 39,862 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA owned 0.96% of Franklin Financial Services worth $1,315,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Franklin Financial Services by 241.0% during the third quarter. BlackRock Inc. now owns 37,133 shares of the company's stock valued at $1,171,000 after buying an additional 26,243 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Franklin Financial Services by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 31,458 shares of the company's stock valued at $873,000 after buying an additional 6,460 shares in the last quarter. Morgan Stanley boosted its stake in Franklin Financial Services by 5.9% during the fourth quarter. Morgan Stanley now owns 21,601 shares of the company's stock valued at $780,000 after buying an additional 1,197 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Franklin Financial Services by 2.2% during the first quarter. Renaissance Technologies LLC now owns 18,700 shares of the company's stock valued at $631,000 after buying an additional 400 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Franklin Financial Services by 28.2% during the first quarter. American Century Companies Inc. now owns 15,746 shares of the company's stock valued at $529,000 after buying an additional 3,464 shares in the last quarter. Institutional investors own 24.80% of the company's stock.
Franklin Financial Services Price Performance
FRAF stock traded up $0.04 during trading hours on Friday, hitting $25.75. 726 shares of the stock traded hands, compared to its average volume of 4,954. The stock has a 50-day simple moving average of $27.40 and a 200 day simple moving average of $29.71. Franklin Financial Services Co. has a one year low of $23.96 and a one year high of $35.00. The company has a market cap of $113.04 million, a P/E ratio of 8.29 and a beta of 0.42. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98.
Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter. Franklin Financial Services had a return on equity of 11.10% and a net margin of 14.84%. The business had revenue of $17.99 million during the quarter.
Franklin Financial Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 1st were given a $0.32 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.97%. Franklin Financial Services's dividend payout ratio (DPR) is 41.29%.
About Franklin Financial Services
(
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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