Franklin Financial Services Co. (NASDAQ:FRAF) Director Buys $51,800.00 in Stock

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) Director Gregory A. Duffey purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $25.90 per share, for a total transaction of $51,800.00. Following the completion of the purchase, the director now owns 20,127 shares of the company's stock, valued at approximately $521,289.30. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Franklin Financial Services Price Performance

Shares of NASDAQ:FRAF traded up $0.03 during midday trading on Friday, hitting $26.35. The company's stock had a trading volume of 9,897 shares, compared to its average volume of 5,512. The business's 50 day simple moving average is $27.20 and its 200 day simple moving average is $28.77. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $115.94 million, a P/E ratio of 8.45 and a beta of 0.34. Franklin Financial Services Co. has a 12-month low of $25.11 and a 12-month high of $35.00.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.77 earnings per share for the quarter. The firm had revenue of $17.74 million for the quarter. Franklin Financial Services had a net margin of 13.69% and a return on equity of 10.91%.

Franklin Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Thursday, May 2nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, May 1st. Franklin Financial Services's dividend payout ratio is currently 41.03%.

Hedge Funds Weigh In On Franklin Financial Services

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Franklin Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 27,904 shares of the company's stock worth $731,000 after purchasing an additional 2,100 shares during the period. Vanguard Group Inc. raised 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 worth $3,923,000 after purchasing an additional 3,436 shares during the period. RKL Wealth Management LLC purchased a new position in Franklin Financial Services during the fourth quarter worth about $285,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Franklin Financial Services by 2,181.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company's stock worth $1,315,000 after purchasing an additional 39,862 shares during the period. 24.80% of the stock is owned by hedge funds and other institutional investors.

Franklin Financial Services Company Profile

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.