Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) Director Purchases $15,070.00 in Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Kimberly Rzomp acquired 500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.14 per share, with a total value of $15,070.00. Following the completion of the acquisition, the director now directly owns 7,008 shares of the company’s stock, valued at $211,221.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF opened at $28.82 on Monday. Franklin Financial Services Co. has a 1 year low of $23.96 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $29.67. The firm has a market cap of $126.52 million, a P/E ratio of 9.24 and a beta of 0.35.

Franklin Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, May 1st. Franklin Financial Services’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Investors Weigh In On Franklin Financial Services

A hedge fund recently raised its stake in Franklin Financial Services stock. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Franklin Financial Services Co. (NASDAQ:FRAF) by 2,181.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,689 shares of the company’s stock after buying an additional 39,862 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA owned about 0.96% of Franklin Financial Services worth $1,315,000 as of its most recent SEC filing. 24.80% of the stock is owned by institutional investors and hedge funds.

Franklin Financial Services Company Profile

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.