Franklin Financial Services (NASDAQ:FRAF) Releases Earnings Results

Franklin Financial Services (NASDAQ:FRAF) issued its quarterly earnings data on Tuesday. The company reported $1.35 earnings per share (EPS) for the quarter, FiscalAI reports. Franklin Financial Services had a return on equity of 10.11% and a net margin of 12.34%.The business had revenue of $23.31 million during the quarter.

Franklin Financial Services Stock Performance

NASDAQ:FRAF opened at $48.36 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $216.60 million, a PE ratio of 13.82 and a beta of -0.08. Franklin Financial Services has a fifty-two week low of $32.39 and a fifty-two week high of $59.95. The company has a fifty day moving average of $52.19 and a two-hundred day moving average of $47.38.

Franklin Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, February 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Franklin Financial Services’s dividend payout ratio is currently 37.71%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Franklin Financial Services in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Franklin Financial Services currently has an average rating of “Buy”.

Insider Activity at Franklin Financial Services

In related news, Director Kimberly Rzomp sold 1,500 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $54.07, for a total transaction of $81,105.00. Following the completion of the transaction, the director owned 5,842 shares in the company, valued at $315,876.94. This represents a 20.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Franklin Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Franklin Financial Services during the second quarter worth approximately $36,000. BNP Paribas Financial Markets boosted its stake in Franklin Financial Services by 84.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 950 shares of the company’s stock worth $44,000 after purchasing an additional 434 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Franklin Financial Services during the third quarter worth $46,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Franklin Financial Services in the second quarter valued at about $79,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Franklin Financial Services in the second quarter valued at about $100,000. Hedge funds and other institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Company Profile

Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.‐listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.