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

Franklin Financial Services Co. (NASDAQ:FRAF) Director Gregory A. Duffey acquired 2,000 shares of Franklin Financial Services stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $29.00 per share, with a total value of $58,000.00. Following the purchase, the director now owns 17,964 shares of the company’s stock, valued at approximately $520,956. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Franklin Financial Services Price Performance

Shares of NASDAQ:FRAF opened at $27.50 on Thursday. The company has a 50 day moving average of $27.10 and a 200 day moving average of $29.67. The stock has a market cap of $120.73 million, a P/E ratio of 8.81 and a beta of 0.35. Franklin Financial Services Co. has a 12 month low of $23.96 and a 12 month high of $35.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98.

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 2nd will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 4.65%. Franklin Financial Services’s dividend payout ratio is presently 41.03%.

Hedge Funds Weigh In On Franklin Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in 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 buying an additional 39,862 shares in the last quarter. RKL Wealth Management LLC purchased a new position in Franklin Financial Services in the 4th quarter worth approximately $285,000. Finally, Empowered Funds LLC grew its stake in 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 buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 24.80% of the company’s stock.

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.