Franklin Financial Services Co. (NASDAQ:FRAF) Director Kimberly Rzomp Buys 500 Shares

Franklin Financial Services Co. (NASDAQ:FRAF) Director Kimberly Rzomp purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $30.14 per share, with a total value of $15,070.00. Following the acquisition, the director now owns 7,008 shares of the company’s stock, valued at approximately $211,221.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Franklin Financial Services Price Performance

NASDAQ:FRAF opened at $28.82 on Friday. Franklin Financial Services Co. has a one year low of $23.96 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $126.52 million, a PE ratio of 9.24 and a beta of 0.35. The stock has a 50 day moving average price of $27.03 and a 200 day moving average price of $29.66.

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, May 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.28 annualized dividend and a dividend yield of 4.44%. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

Institutional Investors Weigh In On Franklin Financial Services

An institutional investor recently bought a new position in Franklin Financial Services stock. RKL Wealth Management LLC purchased a new stake in Franklin Financial Services Co. (NASDAQ:FRAF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,033 shares of the company’s stock, valued at approximately $285,000. RKL Wealth Management LLC owned about 0.21% of Franklin Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.