Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Down 8.6% in October

Franklin Financial Services Co. (NASDAQ:FRAF) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 5,300 shares, a drop of 8.6% from the October 15th total of 5,800 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the stock are short sold.

Franklin Financial Services Trading Up 0.7 %

NASDAQ:FRAF traded up $0.23 during mid-day trading on Tuesday, hitting $33.54. The company had a trading volume of 265 shares, compared to its average volume of 5,399. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $148.25 million, a P/E ratio of 10.51 and a beta of 0.30. The business’s fifty day moving average is $31.36 and its two-hundred day moving average is $29.72. Franklin Financial Services has a fifty-two week low of $25.11 and a fifty-two week high of $33.99.

Franklin Financial Services Announces Dividend

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

Insider Buying and Selling at Franklin Financial Services

In other Franklin Financial Services news, Director Allan E. Jennings, Jr. purchased 1,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $30.51 per share, for a total transaction of $30,510.00. Following the transaction, the director now directly owns 28,250 shares in the company, valued at $861,907.50. This represents a 3.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 1,135 shares of company stock worth $34,636. 6.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Franklin Financial Services

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Franklin Financial Services during the second quarter worth approximately $58,000. Dimensional Fund Advisors LP grew its holdings in shares of Franklin Financial Services by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock worth $1,132,000 after purchasing an additional 5,183 shares in the last quarter. Vanguard Group Inc. raised its stake in Franklin Financial Services by 2.3% in the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock valued at $3,923,000 after purchasing an additional 3,436 shares in the last quarter. Renaissance Technologies LLC lifted its position in 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 period. Finally, Barclays PLC acquired a new position in shares of Franklin Financial Services in the 3rd quarter valued at approximately $32,000. 24.80% of the stock is currently owned by institutional investors and hedge funds.

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.