Short Interest in Franklin Financial Services Co. (NASDAQ:FRAF) Decreases By 6.3%

Franklin Financial Services Co. (NASDAQ:FRAF) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 5,900 shares, a drop of 6.3% from the June 30th total of 6,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 0.8 days.

Franklin Financial Services Trading Up 1.2 %

Shares of NASDAQ FRAF traded up $0.39 during midday trading on Thursday, hitting $33.88. The company’s stock had a trading volume of 271 shares, compared to its average volume of 5,991. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.09. The business’s 50 day moving average is $28.13 and its two-hundred day moving average is $27.95. Franklin Financial Services has a 12-month low of $25.11 and a 12-month high of $35.00. The firm has a market cap of $149.07 million, a P/E ratio of 10.73 and a beta of 0.35.

Franklin Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.28 annualized dividend and a yield of 3.78%. Franklin Financial Services’s payout ratio is currently 41.03%.

Insider Activity

In related news, Director Gregory A. Duffey acquired 2,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $25.90 per share, with a total value of $51,800.00. Following the purchase, the director now directly owns 20,127 shares of the company’s stock, valued at $521,289.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 4,440 shares of company stock valued at $122,700 in the last ninety days. Insiders own 6.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. RKL Wealth Management LLC bought a new stake in Franklin Financial Services during the 4th quarter valued at $285,000. Empowered Funds LLC boosted its position in shares of Franklin Financial Services by 8.1% in the 1st quarter. Empowered Funds LLC now owns 27,904 shares of the company’s stock worth $731,000 after purchasing an additional 2,100 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Franklin Financial Services by 2,181.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 41,689 shares of the company’s stock worth $1,315,000 after purchasing an additional 39,862 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Franklin Financial Services by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock worth $3,923,000 after purchasing an additional 3,436 shares in the last quarter. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

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.