Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best Acquires 6,756 Shares

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) President Craig W. Best bought 6,756 shares of Franklin Financial Services stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $37.00 per share, for a total transaction of $249,972.00. Following the completion of the transaction, the president now directly owns 15,606 shares of the company's stock, valued at $577,422. This represents a 76.34 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Franklin Financial Services Trading Down 0.3 %

Shares of NASDAQ FRAF traded down $0.13 during midday trading on Tuesday, hitting $36.66. The stock had a trading volume of 8,799 shares, compared to its average volume of 6,815. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.92. Franklin Financial Services Co. has a fifty-two week low of $25.11 and a fifty-two week high of $38.41. The firm has a market cap of $161.87 million, a P/E ratio of 14.72 and a beta of 0.25. The company's 50-day simple moving average is $34.36 and its 200 day simple moving average is $32.69.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

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Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were given a $0.32 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.28 annualized dividend and a dividend yield of 3.49%. Franklin Financial Services's dividend payout ratio is currently 51.41%.

Institutional Investors Weigh In On Franklin Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of Franklin Financial Services during the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in Franklin Financial Services during the 4th quarter worth approximately $65,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Franklin Financial Services in the third quarter valued at approximately $205,000. PL Capital Advisors LLC bought a new stake in shares of Franklin Financial Services in the 4th quarter valued at $385,000. Finally, Empowered Funds LLC raised its stake in Franklin Financial Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company's stock worth $954,000 after buying an additional 1,608 shares during the period. Institutional investors own 24.80% of the company's stock.

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.