Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) Director Gregory A. Duffey acquired 2,000 shares of Franklin Financial Services stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $29.00 per share, with a total value of $58,000.00. Following the completion of the purchase, the director now directly owns 17,964 shares in the company, valued at approximately $520,956. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Franklin Financial Services Price Performance
Franklin Financial Services stock opened at $28.12 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. Franklin Financial Services Co. has a one year low of $23.96 and a one year high of $35.00. The firm has a market capitalization of $123.45 million, a P/E ratio of 9.01 and a beta of 0.35. The business has a fifty day moving average price of $27.07 and a 200-day moving average price of $29.67.
Franklin Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Wednesday, May 1st. Franklin Financial Services's dividend payout ratio (DPR) is currently 41.03%.
Hedge Funds Weigh In On Franklin Financial Services
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Hedge funds have recently made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Franklin Financial Services by 2,181.8% in the 4th 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 in the last quarter. RKL Wealth Management LLC purchased a new position in shares of Franklin Financial Services during the fourth quarter valued at about $285,000. Finally, Empowered Funds LLC raised its stake in Franklin Financial Services by 8.1% in the first quarter. Empowered Funds LLC now owns 27,904 shares of the company's stock worth $731,000 after buying an additional 2,100 shares in the last quarter. 24.80% of the stock is owned by hedge funds and other institutional investors.
Franklin Financial Services Company Profile
(
Get Free Report)
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.
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