Franklin Financial Services Co. (NASDAQ:FRAF) is Fourthstone LLC’s 10th Largest Position

Fourthstone LLC grew its holdings in Franklin Financial Services Co. (NASDAQ:FRAF) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 440,745 shares of the company’s stock after acquiring an additional 1,507 shares during the quarter. Franklin Financial Services accounts for approximately 3.0% of Fourthstone LLC’s holdings, making the stock its 10th largest holding. Fourthstone LLC owned 9.99% of Franklin Financial Services worth $13,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FRAF. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Franklin Financial Services in the 3rd quarter worth $205,000. Empowered Funds LLC raised its position 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $58,000. Renaissance Technologies LLC raised its holdings in shares of Franklin Financial Services by 25.0% during the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Franklin Financial Services by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock valued at $1,132,000 after purchasing an additional 5,183 shares during the last quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF remained flat at $33.55 during trading on Thursday. The company’s stock had a trading volume of 2,662 shares, compared to its average volume of 5,347. The company has a 50-day moving average price of $31.58 and a two-hundred day moving average price of $29.98. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $33.99. The firm has a market cap of $148.29 million, a PE ratio of 10.58 and a beta of 0.30.

Franklin Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, November 1st. Franklin Financial Services’s dividend payout ratio (DPR) is 40.38%.

Insider Transactions at Franklin Financial Services

In other Franklin Financial Services news, Director Allan E. Jennings, Jr. purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $30.51 per share, for a total transaction of $30,510.00. Following the completion of the purchase, the director now directly owns 28,250 shares of the company’s stock, valued at approximately $861,907.50. This trade represents a 3.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 1,134 shares of company stock valued at $34,606. Corporate insiders own 6.93% 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.