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

Franklin Financial Services Co. (NASDAQ:FRAFGet Free Report) Director Gregory A. Duffey bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of $25.90 per share, for a total transaction of $51,800.00. Following the acquisition, the director now owns 20,127 shares of the company’s stock, valued at $521,289.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Franklin Financial Services Price Performance

Shares of NASDAQ:FRAF opened at $26.35 on Friday. Franklin Financial Services Co. has a 12 month low of $25.11 and a 12 month high of $35.00. The stock has a market cap of $115.83 million, a price-to-earnings ratio of 8.45 and a beta of 0.34. The stock’s 50 day moving average price is $27.20 and its 200 day moving average price is $28.74. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.92 and a quick ratio of 0.92.

Franklin Financial Services (NASDAQ:FRAFGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.77 EPS for the quarter. Franklin Financial Services had a return on equity of 10.91% and a net margin of 13.69%. The firm had revenue of $17.74 million for the quarter.

Franklin Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd were given a $0.32 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.28 annualized dividend and a yield of 4.86%. Franklin Financial Services’s dividend payout ratio (DPR) is 41.03%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRAF. Farmers & Merchants Trust Co of Chambersburg PA grew its position in 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 worth $1,315,000 after buying an additional 39,862 shares during the last quarter. RKL Wealth Management LLC acquired a new position in Franklin Financial Services in the fourth quarter worth approximately $285,000. Vanguard Group Inc. grew its position in Franklin Financial Services by 2.3% in the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock worth $3,923,000 after buying an additional 3,436 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Franklin Financial Services by 8.1% in the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.

About Franklin Financial Services

(Get Free Report)

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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Insider Buying and Selling by Quarter for Franklin Financial Services (NASDAQ:FRAF)

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