Franklin Financial Services (NASDAQ:FRAF) Issues Earnings Results

Franklin Financial Services (NASDAQ:FRAF) announced its quarterly earnings results on Tuesday. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.44, Zacks reports. Franklin Financial Services had a net margin of 18.20% and a return on equity of 14.00%.

Franklin Financial Services Price Performance

NASDAQ:FRAF traded up $0.85 during trading hours on Tuesday, reaching $64.95. 54,737 shares of the company’s stock were exchanged, compared to its average volume of 39,435. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $292.27 million, a P/E ratio of 11.83 and a beta of -0.02. Franklin Financial Services has a 12 month low of $44.99 and a 12 month high of $65.41. The business’s 50-day simple moving average is $62.86 and its two-hundred day simple moving average is $57.73.

Franklin Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, November 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. Franklin Financial Services’s dividend payout ratio (DPR) is 24.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FRAF shares. Weiss Ratings upgraded shares of Franklin Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded shares of Franklin Financial Services from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Hovde Group boosted their target price on shares of Franklin Financial Services from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Franklin Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

About Franklin Financial Services

Franklin Financial Services Corporation is a bank holding company headquartered in Chambersburg, Pennsylvania. Its principal subsidiary, F&M Trust, is a community bank that serves individuals, families, businesses and nonprofit organizations through banking offices and digital channels.

F&M Trust offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, consumer loans, commercial real estate and business loans, treasury management and online banking.