Franklin Financial Services Co. (NASDAQ:FRAF) Director Buys $58,000.00 in Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey bought 2,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $29.00 per share, for a total transaction of $58,000.00. Following the completion of the purchase, the director now directly owns 17,964 shares in the company, valued at $520,956. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Franklin Financial Services Price Performance

Franklin Financial Services stock opened at $27.19 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day simple moving average is $27.13 and its 200-day simple moving average is $29.66. The company has a market capitalization of $119.36 million, a price-to-earnings ratio of 8.81 and a beta of 0.35. Franklin Financial Services Co. has a 1 year low of $23.96 and a 1 year high of $35.00.

Franklin Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, May 1st. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Franklin Financial Services by 2,181.8% in 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 purchasing an additional 39,862 shares during the period. RKL Wealth Management LLC acquired a new stake in shares of Franklin Financial Services during the fourth quarter worth $285,000. Finally, Empowered Funds LLC lifted its holdings 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 acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.

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.