2,167 Shares in Franklin Financial Services Co. (NASDAQ:FRAF) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of Franklin Financial Services Co. (NASDAQ:FRAF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,167 shares of the company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC bought a new position in shares of Franklin Financial Services in the third quarter worth $32,000. Fourthstone LLC increased its holdings in Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after purchasing an additional 1,507 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Franklin Financial Services in the third quarter worth approximately $205,000. Finally, Empowered Funds LLC boosted its stake in shares of Franklin Financial Services by 5.3% in the 3rd 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. Institutional investors and hedge funds own 24.80% of the company’s stock.

Franklin Financial Services Stock Performance

Shares of Franklin Financial Services stock opened at $37.42 on Friday. The company has a market cap of $165.40 million, a P/E ratio of 15.03 and a beta of 0.34. Franklin Financial Services Co. has a 1-year low of $25.11 and a 1-year high of $37.95. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $32.45 and a two-hundred day moving average price of $31.86.

Franklin Financial Services (NASDAQ:FRAF) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Franklin Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 7th. Franklin Financial Services’s dividend payout ratio is currently 51.41%.

Insider Buying and Selling at Franklin Financial Services

In related news, Director Gregory A. Duffey acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $33.90 per share, for a total transaction of $101,700.00. Following the transaction, the director now owns 23,782 shares in the company, valued at $806,209.80. This represents a 14.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 3,032 shares of company stock worth $102,773 over the last ninety days. 6.93% of the stock is currently owned by company insiders.

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.