875 Shares in Franklin Financial Services Corp (OTCMKTS:FRAF) Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new position in shares of Franklin Financial Services Corp (OTCMKTS:FRAF) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 875 shares of the financial services provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Franklin Financial Services in the second quarter worth about $41,000. JPMorgan Chase & Co. purchased a new position in shares of Franklin Financial Services in the second quarter worth about $43,000. Orrstown Financial Services Inc. purchased a new position in shares of Franklin Financial Services in the second quarter worth about $63,000. Tower Research Capital LLC TRC purchased a new position in shares of Franklin Financial Services in the second quarter worth about $70,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Franklin Financial Services in the second quarter worth about $96,000. Institutional investors and hedge funds own 5.36% of the company’s stock.

Shares of FRAF traded down $0.17 during trading hours on Friday, hitting $35.18. The company’s stock had a trading volume of 5,400 shares, compared to its average volume of 10,431. The company has a market cap of $152.65 million, a price-to-earnings ratio of 28.94 and a beta of 0.57. The business has a 50 day simple moving average of $33.76 and a two-hundred day simple moving average of $36.23. Franklin Financial Services Corp has a 52-week low of $26.83 and a 52-week high of $39.56.

Franklin Financial Services (OTCMKTS:FRAF) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.90 earnings per share for the quarter. The firm had revenue of $14.26 million during the quarter. Franklin Financial Services had a net margin of 9.93% and a return on equity of 5.12%.

Franklin Financial Services Profile

Franklin Financial Services Corporation offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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Institutional Ownership by Quarter for Franklin Financial Services (OTCMKTS:FRAF)

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