Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) President Craig W. Best acquired 6,756 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $37.00 per share, for a total transaction of $249,972.00. Following the purchase, the president now directly owns 15,606 shares of the company's stock, valued at approximately $577,422. This trade represents a 76.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Franklin Financial Services Price Performance
NASDAQ:FRAF opened at $37.03 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The stock's 50 day moving average price is $34.09 and its two-hundred day moving average price is $32.58. The firm has a market capitalization of $163.52 million, a price-to-earnings ratio of 14.87 and a beta of 0.25. Franklin Financial Services Co. has a 12-month low of $25.11 and a 12-month high of $38.41.
Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%.
Franklin Financial Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, February 7th. Franklin Financial Services's dividend payout ratio is currently 51.41%.
Institutional Investors Weigh In On Franklin Financial Services
Large investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in Franklin Financial Services during the third quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Franklin Financial Services in the 4th quarter valued at $65,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Franklin Financial Services in the 3rd quarter valued at $205,000. PL Capital Advisors LLC bought a new position in shares of Franklin Financial Services in the 4th quarter valued at $385,000. Finally, Empowered Funds LLC lifted its stake in shares of Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company's stock valued at $954,000 after acquiring an additional 1,608 shares during the last quarter. Institutional investors and hedge funds own 24.80% of the company's stock.
Franklin Financial Services Company Profile
(
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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