Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Update

Franklin Financial Services Co. (NASDAQ:FRAF) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 8,100 shares, an increase of 52.8% from the May 31st total of 5,300 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the company’s stock are short sold.

Insider Buying and Selling

In related news, Director Gregory A. Duffey purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average price 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 in the company, valued at $521,289.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders purchased 4,690 shares of company stock worth $130,039. Insiders own 6.93% of the company’s stock.

Hedge Funds Weigh In On Franklin Financial Services

A number of hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of 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 valued at $1,315,000 after acquiring an additional 39,862 shares during the period. RKL Wealth Management LLC acquired a new position in shares of Franklin Financial Services during the fourth quarter valued at $285,000. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 3,436 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Franklin Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock valued at $731,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 24.80% of the company’s stock.

Franklin Financial Services Stock Up 0.1 %

Shares of NASDAQ:FRAF opened at $28.28 on Monday. The firm has a market cap of $124.43 million, a PE ratio of 9.06 and a beta of 0.34. The company has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $28.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.09. Franklin Financial Services has a 12-month low of $25.11 and a 12-month high of $35.00.

Franklin Financial Services (NASDAQ:FRAF) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.77 EPS for the quarter. The firm had revenue of $17.74 million during 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 disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Wednesday, May 1st. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

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.