Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey Buys 2,000 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey bought 2,000 shares of Franklin Financial Services stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $29.00 per share, with a total value of $58,000.00. Following the acquisition, the director now directly owns 17,964 shares of the company’s stock, valued at approximately $520,956. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Franklin Financial Services Trading Down 2.0 %

Shares of NASDAQ:FRAF opened at $28.12 on Wednesday. The company’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $29.67. Franklin Financial Services Co. has a one year low of $23.96 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $123.45 million, a PE ratio of 9.01 and a beta of 0.35.

Franklin Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, May 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.28 annualized dividend and a yield of 4.55%. Franklin Financial Services’s payout ratio is presently 41.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. RKL Wealth Management LLC bought a new stake in shares of Franklin Financial Services during the 4th quarter worth approximately $285,000. Empowered Funds LLC raised its position in Franklin Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Franklin Financial Services by 2,181.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company’s stock valued at $1,315,000 after acquiring an additional 39,862 shares during the last quarter. 24.80% of the stock is currently owned by institutional investors.

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.