Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) President Acquires $249,972.00 in Stock

Franklin Financial Services Co. (NASDAQ:FRAF) President Craig W. Best bought 6,756 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $37.00 per share, for a total transaction of $249,972.00. Following the acquisition, the president now directly owns 15,606 shares of the company’s stock, valued at approximately $577,422. The trade was a 76.34 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Franklin Financial Services Stock Performance

Shares of FRAF stock opened at $37.03 on Monday. The stock has a fifty day moving average of $34.22 and a 200 day moving average of $32.64. Franklin Financial Services Co. has a 52 week low of $25.11 and a 52 week high of $38.41. The firm has a market capitalization of $163.52 million, a price-to-earnings 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 quarterly earnings data on Tuesday, January 28th. The company reported $0.11 EPS for the quarter. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%.

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, February 7th. Franklin Financial Services’s dividend payout ratio is presently 51.41%.

Hedge Funds Weigh In On Franklin Financial Services

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of Franklin Financial Services by 1.9% in the 4th quarter. Empowered Funds LLC now owns 32,272 shares of the company’s stock worth $965,000 after purchasing an additional 600 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Franklin Financial Services by 1.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 62,972 shares of the company’s stock worth $1,883,000 after buying an additional 600 shares in the last quarter. Barclays PLC bought a new stake in Franklin Financial Services in the 3rd quarter worth about $32,000. Fourthstone LLC increased its holdings in Franklin Financial Services by 0.3% in the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after buying an additional 1,507 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Franklin Financial Services by 31.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,926 shares of the company’s stock worth $267,000 after buying an additional 2,127 shares in the last quarter. Hedge funds and other institutional investors 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.