Franklin Financial Services (NASDAQ:FRAF) Announces Earnings Results, Beats Estimates By $0.44 EPS

Franklin Financial Services (NASDAQ:FRAF) released its earnings results on Tuesday. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.44, Zacks reports. Franklin Financial Services had a net margin of 18.20% and a return on equity of 14.00%.

Franklin Financial Services Stock Up 1.3%

FRAF traded up $0.85 during midday trading on Tuesday, hitting $64.95. The company had a trading volume of 54,737 shares, compared to its average volume of 39,437. Franklin Financial Services has a 52 week low of $44.99 and a 52 week high of $65.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $292.27 million, a price-to-earnings ratio of 11.83 and a beta of -0.02. The stock’s 50 day moving average price is $62.86 and its 200 day moving average price is $57.73.

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 6th. Franklin Financial Services’s payout ratio is 24.77%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FRAF shares. Wall Street Zen downgraded Franklin Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Hovde Group boosted their price objective on Franklin Financial Services from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Franklin Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

About Franklin Financial Services

Franklin Financial Services Corporation is a bank holding company headquartered in Chambersburg, Pennsylvania. Its principal subsidiary, F&M Trust, is a community bank that serves individuals, families, businesses and nonprofit organizations through banking offices and digital channels.

F&M Trust offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, consumer loans, commercial real estate and business loans, treasury management and online banking.