Bridgeway Capital Management LLC Acquires 600 Shares of Franklin Financial Services Co. (NASDAQ:FRAF)

Bridgeway Capital Management LLC increased its stake in Franklin Financial Services Co. (NASDAQ:FRAF) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,972 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.42% of Franklin Financial Services worth $1,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of Franklin Financial Services by 1.9% in the fourth quarter. Empowered Funds LLC now owns 32,272 shares of the company’s stock worth $965,000 after buying an additional 600 shares during the period. Barclays PLC purchased a new stake in Franklin Financial Services in the 3rd quarter worth approximately $32,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Franklin Financial Services by 31.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,926 shares of the company’s stock worth $267,000 after acquiring an additional 2,127 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Franklin Financial Services during the fourth quarter valued at approximately $65,000. Finally, PL Capital Advisors LLC purchased a new position in Franklin Financial Services during the fourth quarter valued at approximately $385,000. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF opened at $38.81 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.92. Franklin Financial Services Co. has a 1 year low of $25.90 and a 1 year high of $40.76. The firm has a fifty day moving average price of $36.55 and a 200-day moving average price of $34.40. The stock has a market cap of $172.32 million, a PE ratio of 15.59 and a beta of 0.14.

Franklin Financial Services (NASDAQ:FRAF) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.88 EPS for the quarter. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%. The business had revenue of $20.17 million for the quarter.

Franklin Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 2nd will be issued a $0.33 dividend. The ex-dividend date is Friday, May 2nd. This is a boost from Franklin Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 3.40%. Franklin Financial Services’s payout ratio is currently 50.77%.

Insiders Place Their Bets

In related news, President Craig W. Best bought 6,756 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $37.00 per share, with a total value of $249,972.00. Following the completion of the acquisition, the president now owns 15,606 shares of the company’s stock, valued at $577,422. This represents a 76.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 6,785 shares of company stock worth $251,051 in the last three months. 6.93% of the stock is owned by company insiders.

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.