Weiss Ratings Reaffirms Buy (B-) Rating for Franklin Financial Services (NASDAQ:FRAF)

Key Points

• Weiss Ratings has reaffirmed a "buy (B-)" rating for Franklin Financial Services (NASDAQ:FRAF), signaling confidence in the company's stock performance.
• The company reported earnings of $1.32 per share with a revenue of $22.34 million for the last quarter, indicating a net margin of 11.78%.
• Recent insider activity shows that SVP Scott D. Ehrig sold 1,060 shares at an average price of $46.83, decreasing his ownership of the stock by 35.31%.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Franklin Financial Services Price Performance

Shares of NASDAQ FRAF opened at $45.58 on Wednesday. Franklin Financial Services has a 1-year low of $28.01 and a 1-year high of $49.42. The business has a 50-day moving average of $45.03 and a 200-day moving average of $40.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $204.20 million, a price-to-earnings ratio of 13.98 and a beta of 0.15.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.32 earnings per share for the quarter. Franklin Financial Services had a return on equity of 9.64% and a net margin of 11.78%.The company had revenue of $22.34 million during the quarter.

Insider Buying and Selling at Franklin Financial Services

In related news, SVP Scott D. Ehrig sold 1,060 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $46.83, for a total value of $49,639.80. Following the completion of the transaction, the senior vice president owned 1,942 shares of the company's stock, valued at approximately $90,943.86. This represents a 35.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey purchased a new position in Franklin Financial Services in the second quarter valued at about $36,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Franklin Financial Services during the 2nd quarter worth approximately $79,000. New York State Common Retirement Fund bought a new position in Franklin Financial Services during the 2nd quarter worth approximately $100,000. Cubist Systematic Strategies LLC bought a new position in Franklin Financial Services during the 1st quarter worth approximately $133,000. Finally, Bank of America Corp DE raised its position in shares of Franklin Financial Services by 66.6% during the 2nd quarter. Bank of America Corp DE now owns 4,549 shares of the company's stock worth $158,000 after purchasing an additional 1,819 shares during the period. Hedge funds and other institutional investors own 24.80% of the company's stock.

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.

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