Gregory A. Duffey Purchases 2,000 Shares of Franklin Financial Services Co. (NASDAQ:FRAF) Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $29.00 per share, with a total value of $58,000.00. Following the acquisition, the director now directly owns 17,964 shares in the company, valued at approximately $520,956. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Franklin Financial Services Trading Down 2.2 %

FRAF opened at $27.50 on Thursday. Franklin Financial Services Co. has a 52 week low of $23.96 and a 52 week high of $35.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $27.10 and a 200-day simple moving average of $29.67. The firm has a market cap of $120.73 million, a P/E ratio of 8.81 and a beta of 0.35.

Franklin Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, May 2nd will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.65%. Franklin Financial Services’s payout ratio is presently 41.03%.

Institutional Investors Weigh In On Franklin Financial Services

A number of institutional investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Franklin Financial Services by 2,181.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company’s stock valued at $1,315,000 after buying an additional 39,862 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Franklin Financial Services by 8.1% in the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock valued at $731,000 after buying an additional 2,100 shares in the last quarter. Finally, RKL Wealth Management LLC acquired a new stake in shares of Franklin Financial Services in the fourth quarter valued at $285,000. 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.