Short Interest in Franklin Financial Services Co. (NASDAQ:FRAF) Drops By 21.2%

Franklin Financial Services Co. (NASDAQ:FRAF) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 5,200 shares, a decrease of 21.2% from the December 31st total of 6,600 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

Franklin Financial Services Trading Down 0.1 %

Shares of NASDAQ FRAF traded down $0.04 during mid-day trading on Thursday, hitting $33.86. 3,901 shares of the company traded hands, compared to its average volume of 9,841. The business has a 50 day moving average of $31.97 and a two-hundred day moving average of $31.42. The stock has a market capitalization of $149.66 million, a price-to-earnings ratio of 10.66 and a beta of 0.33. Franklin Financial Services has a 1 year low of $25.11 and a 1 year high of $34.65. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60.

Franklin Financial Services (NASDAQ:FRAF) last released its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter. Franklin Financial Services had a net margin of 12.40% and a return on equity of 10.19%.

Franklin Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.28 annualized dividend and a dividend yield of 3.78%. Franklin Financial Services’s dividend payout ratio (DPR) is presently 40.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC acquired a new stake in Franklin Financial Services during the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin Financial Services in the second quarter worth approximately $58,000. Fourthstone LLC boosted its holdings in shares of Franklin Financial Services by 0.3% during the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after purchasing an additional 1,507 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Franklin Financial Services during the third quarter valued at approximately $205,000. Finally, Dimensional Fund Advisors LP increased its stake in Franklin Financial Services by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock valued at $1,132,000 after buying an additional 5,183 shares during the period. Hedge funds and other 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.