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

Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best purchased 6,756 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost 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 trade represents a 76.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF opened at $37.03 on Friday. Franklin Financial Services Co. has a 52 week low of $25.11 and a 52 week high of $38.41. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day simple moving average is $34.09 and its 200-day simple moving average is $32.58. The firm has a market cap of $163.52 million, a price-to-earnings ratio of 14.87 and a beta of 0.25.

Franklin Financial Services (NASDAQ:FRAF) last issued its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share (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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.46%. Franklin Financial Services’s payout ratio is presently 51.41%.

Hedge Funds Weigh In On Franklin Financial Services

Several institutional investors have recently bought and sold shares of FRAF. Barclays PLC acquired a new position in shares of Franklin Financial Services during the third quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Franklin Financial Services during the fourth quarter worth about $65,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Franklin Financial Services during the third quarter worth about $205,000. PL Capital Advisors LLC acquired a new position in shares of Franklin Financial Services during the fourth quarter worth about $385,000. Finally, Empowered Funds LLC boosted its position in shares of Franklin Financial Services by 5.3% during the third 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.

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.