Wilmington Savings Fund Society FSB Invests $65,000 in Franklin Financial Services Co. (NASDAQ:FRAF)

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

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC bought a new stake in shares of Franklin Financial Services during the third quarter valued at about $32,000. Fourthstone LLC increased its position in shares of Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after acquiring an additional 1,507 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services during the 3rd quarter valued at $205,000. Finally, Empowered Funds LLC lifted its stake in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock worth $954,000 after acquiring an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.

Insider Activity at Franklin Financial Services

In other news, Director Gregory A. Duffey acquired 3,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $33.90 per share, with a total value of $101,700.00. Following the acquisition, the director now owns 23,782 shares of the company’s stock, valued at $806,209.80. This trade represents a 14.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 3,032 shares of company stock valued at $102,773 in the last 90 days. 6.93% of the stock is owned by corporate insiders.

Franklin Financial Services Stock Up 0.2 %

Franklin Financial Services stock opened at $37.42 on Friday. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $37.95. The firm’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $31.86. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $165.40 million, a PE ratio of 15.03 and a beta of 0.34.

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 return on equity of 7.91% and a net margin of 9.64%.

Franklin Financial Services Dividend Announcement

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

Franklin Financial Services 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.