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

Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best acquired 6,756 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $37.00 per share, with a total value of $249,972.00. Following the completion of the acquisition, the president now directly owns 15,606 shares in the company, valued at approximately $577,422. This represents a 76.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Franklin Financial Services Price Performance

Shares of NASDAQ FRAF opened at $37.03 on Friday. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $38.41. The stock’s 50 day moving average price is $34.22 and its 200-day moving average price is $32.62. The company has a market capitalization of $163.52 million, a PE ratio of 14.87 and a beta of 0.25. 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 announced its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.28 annualized dividend and a yield of 3.46%. Franklin Financial Services’s payout ratio is 51.41%.

Hedge Funds Weigh In On Franklin Financial Services

Several institutional investors have recently bought and sold shares of FRAF. Barclays PLC purchased a new position in Franklin Financial Services in the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in Franklin Financial Services in the fourth quarter valued at approximately $65,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Franklin Financial Services in the third quarter valued at approximately $205,000. PL Capital Advisors LLC purchased a new position in Franklin Financial Services in the fourth quarter valued at approximately $385,000. Finally, Empowered Funds LLC lifted its stake in Franklin Financial Services by 5.3% in the third quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after purchasing an additional 1,608 shares during the last quarter. 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.