Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) President Buys 6,756 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best acquired 6,756 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $37.00 per share, for a total transaction of $249,972.00. Following the completion of the transaction, the president now directly owns 15,606 shares in the company, valued at $577,422. This represents a 76.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Financial Services Stock Down 0.6 %

Shares of NASDAQ:FRAF traded down $0.22 during mid-day trading on Friday, reaching $37.14. 23,915 shares of the stock were exchanged, compared to its average volume of 6,728. Franklin Financial Services Co. has a one year low of $25.11 and a one year high of $46.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is $34.09 and its 200-day simple moving average is $32.58. The company has a market cap of $163.99 million, a P/E ratio of 14.91 and a beta of 0.25.

Franklin Financial Services (NASDAQ:FRAF) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 EPS for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Franklin Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, February 7th. Franklin Financial Services’s payout ratio is currently 51.41%.

Institutional Trading of Franklin Financial Services

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new position in shares of Franklin Financial Services during the 3rd quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in Franklin Financial Services during the fourth quarter worth $65,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Franklin Financial Services in the third quarter valued at $205,000. PL Capital Advisors LLC bought a new stake in shares of Franklin Financial Services during the 4th quarter worth about $385,000. Finally, Empowered Funds LLC grew its stake in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after buying an additional 1,608 shares during the last quarter. 24.80% of the stock is owned by institutional investors and hedge funds.

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.