Short Interest in Franklin Financial Services Co. (NASDAQ:FRAF) Declines By 32.6%

Franklin Financial Services Co. (NASDAQ:FRAFGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,900 shares, a decrease of 32.6% from the March 31st total of 4,300 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.1% of the company’s shares are short sold.

NASDAQ:FRAF opened at $32.42 on Friday. The firm’s fifty day moving average is $33.67 and its 200-day moving average is $33.24. Franklin Financial Services has a 52 week low of $29.74 and a 52 week high of $35.00. The firm has a market cap of $144.59 million, a P/E ratio of 8.13 and a beta of 0.77.

Franklin Financial Services (NASDAQ:FRAFGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.67 EPS for the quarter. Franklin Financial Services had a net margin of 26.70% and a return on equity of 11.58%. The company had revenue of $14.69 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Friday, May 6th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 5th. Franklin Financial Services’s dividend payout ratio is currently 32.08%.

Several large investors have recently bought and sold shares of the company. Fourthstone LLC boosted its stake in shares of Franklin Financial Services by 11.0% in the 3rd quarter. Fourthstone LLC now owns 116,638 shares of the company’s stock valued at $3,706,000 after purchasing an additional 11,601 shares during the last quarter. Greenwich Investment Management Inc. acquired a new position in shares of Franklin Financial Services during the 4th quarter valued at $1,302,000. Geode Capital Management LLC lifted its position in shares of Franklin Financial Services by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 33,802 shares of the company’s stock valued at $1,093,000 after acquiring an additional 1,963 shares during the period. Morgan Stanley lifted its position in shares of Franklin Financial Services by 173.1% during the 2nd quarter. Morgan Stanley now owns 19,335 shares of the company’s stock valued at $617,000 after acquiring an additional 12,255 shares during the period. Finally, Petiole USA ltd acquired a new position in shares of Franklin Financial Services during the 4th quarter valued at $457,000. 17.84% of the stock is currently owned by institutional investors.

Franklin Financial Services Company Profile (Get Rating)

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 small and medium-sized businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania.

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