Franklin Financial Services (NASDAQ:FRAF) Stock Rating Upgraded by Wall Street Zen

Franklin Financial Services (NASDAQ:FRAF) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also commented on FRAF. Hovde Group started coverage on Franklin Financial Services in a research report on Wednesday. They set an “outperform” rating and a $59.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Franklin Financial Services in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $59.00.

Franklin Financial Services Price Performance

Shares of FRAF stock opened at $49.06 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.20. Franklin Financial Services has a 12-month low of $32.39 and a 12-month high of $59.95. The firm has a fifty day moving average of $50.52 and a 200-day moving average of $49.39. The firm has a market capitalization of $219.79 million, a price-to-earnings ratio of 10.35 and a beta of -0.08.

Franklin Financial Services (NASDAQ:FRAF) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.35 EPS for the quarter. The business had revenue of $23.31 million for the quarter. Franklin Financial Services had a return on equity of 13.40% and a net margin of 15.90%.

Insider Activity at Franklin Financial Services

In other news, Director Kimberly Rzomp sold 1,500 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $54.07, for a total value of $81,105.00. Following the sale, the director directly owned 5,842 shares in the company, valued at $315,876.94. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Franklin Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Franklin Financial Services in the 1st quarter valued at approximately $133,000. Goldman Sachs Group Inc. bought a new position in shares of Franklin Financial Services during the 1st quarter worth approximately $571,000. Empowered Funds LLC raised its holdings in shares of Franklin Financial Services by 3.7% in the first quarter. Empowered Funds LLC now owns 33,474 shares of the company’s stock valued at $1,187,000 after purchasing an additional 1,202 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Franklin Financial Services in the first quarter worth $529,000. Finally, Geode Capital Management LLC lifted its position in shares of Franklin Financial Services by 109.8% in the second quarter. Geode Capital Management LLC now owns 98,224 shares of the company’s stock worth $3,401,000 after purchasing an additional 51,407 shares in the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.

Franklin Financial Services Company Profile

Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.‐listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.