Short Interest in Franklin Financial Services Co. (NASDAQ:FRAF) Drops By 13.2%

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 5,900 shares, a decrease of 13.2% from the November 15th total of 6,800 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FRAF. Fourthstone LLC boosted its stake in Franklin Financial Services by 0.3% during the third quarter. Fourthstone LLC now owns 440,745 shares of the company's stock valued at $13,280,000 after buying an additional 1,507 shares in the last quarter. Vanguard Group Inc. boosted its stake in Franklin Financial Services by 2.3% during the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company's stock valued at $3,923,000 after buying an additional 3,436 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Franklin Financial Services by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company's stock valued at $1,132,000 after buying an additional 5,183 shares in the last quarter. Empowered Funds LLC boosted its stake in Franklin Financial Services by 5.3% during the third quarter. Empowered Funds LLC now owns 31,672 shares of the company's stock valued at $954,000 after buying an additional 1,608 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Franklin Financial Services by 25.0% during the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company's stock valued at $467,000 after buying an additional 3,306 shares in the last quarter. Institutional investors own 24.80% of the company's stock.

Franklin Financial Services Stock Performance

Shares of NASDAQ:FRAF traded up $0.11 on Friday, hitting $33.31. The company's stock had a trading volume of 5,181 shares, compared to its average volume of 5,373. Franklin Financial Services has a 12 month low of $25.11 and a 12 month high of $34.15. The company has a market capitalization of $147.10 million, a price-to-earnings ratio of 10.51 and a beta of 0.31. The stock's 50-day moving average is $32.29 and its two-hundred day moving average is $30.58. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.28 annualized dividend and a dividend yield of 3.84%. Franklin Financial Services's payout ratio is 40.38%.

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.