Franklin Financial Services Corp. (NASDAQ:FRAF) Announces Quarterly Dividend of $0.33

Franklin Financial Services Corp. (NASDAQ:FRAF) announced a quarterly dividend on Thursday, October 16th. Investors of record on Friday, November 7th will be given a dividend of 0.33 per share on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 7th.

Franklin Financial Services has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years.

Franklin Financial Services Trading Up 0.6%

Shares of FRAF stock traded up $0.26 during mid-day trading on Wednesday, reaching $45.86. 2,023 shares of the stock traded hands, compared to its average volume of 21,713. The company has a market cap of $205.32 million, a price-to-earnings ratio of 13.11 and a beta of 0.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $46.40 and its two-hundred day simple moving average is $41.48. Franklin Financial Services has a 1-year low of $28.01 and a 1-year high of $49.42.

Franklin Financial Services (NASDAQ:FRAF) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $23.00 million during the quarter. Franklin Financial Services had a net margin of 12.34% and a return on equity of 10.37%.

Insider Activity

In other Franklin Financial Services news, SVP Scott D. Ehrig sold 1,060 shares of Franklin Financial Services stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $46.83, for a total value of $49,639.80. Following the completion of the sale, the senior vice president directly owned 1,942 shares in the company, valued at approximately $90,943.86. The trade was a 35.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Franklin Financial Services by 109.8% in the second quarter. Geode Capital Management LLC now owns 98,224 shares of the company’s stock worth $3,401,000 after purchasing an additional 51,407 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Franklin Financial Services by 0.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 64,715 shares of the company’s stock valued at $2,241,000 after buying an additional 541 shares during the period. Marshall Wace LLP increased its position in Franklin Financial Services by 333.6% in the 2nd quarter. Marshall Wace LLP now owns 45,468 shares of the company’s stock valued at $1,575,000 after buying an additional 34,982 shares in the last quarter. Empowered Funds LLC increased its position in Franklin Financial Services by 3.7% in the 1st quarter. Empowered Funds LLC now owns 33,474 shares of the company’s stock valued at $1,187,000 after buying an additional 1,202 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Franklin Financial Services by 62.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 32,702 shares of the company’s stock worth $1,132,000 after acquiring an additional 12,579 shares in the last quarter. Institutional investors and hedge funds 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.