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Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) Director Purchases 3,000 Shares of Stock

Franklin Financial Services logo with Finance background

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) Director Gregory A. Duffey purchased 3,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $33.90 per share, for a total transaction of $101,700.00. Following the acquisition, the director now owns 23,782 shares of the company's stock, valued at approximately $806,209.80. This represents a 14.44 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Franklin Financial Services Stock Down 0.2 %

Shares of Franklin Financial Services stock traded down $0.08 on Tuesday, hitting $37.37. The company had a trading volume of 12,935 shares, compared to its average volume of 11,075. The stock has a market capitalization of $165.18 million, a price-to-earnings ratio of 15.01 and a beta of 0.34. Franklin Financial Services Co. has a 1 year low of $25.11 and a 1 year high of $37.89. The stock has a 50 day moving average of $32.30 and a 200-day moving average of $31.77. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, February 7th. Franklin Financial Services's payout ratio is 51.41%.

Institutional Trading of Franklin Financial Services

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC increased its position in Franklin Financial Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 32,272 shares of the company's stock worth $965,000 after buying an additional 600 shares during the last quarter. Barclays PLC purchased a new stake in Franklin Financial Services in the third quarter worth $32,000. Fourthstone LLC increased its position in Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company's stock worth $13,280,000 after buying an additional 1,507 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin Financial Services in the second quarter worth $58,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Franklin Financial Services by 31.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,926 shares of the company's stock worth $267,000 after buying an additional 2,127 shares during the last quarter. 24.80% of the stock is owned by hedge funds and other institutional investors.

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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