Insider Selling: Franklin Financial Services (NASDAQ:FRAF) Director Sells 1,500 Shares of Stock

Franklin Financial Services Corp. (NASDAQ:FRAF) Director Kimberly Rzomp sold 1,500 shares of the business’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 sale, the director owned 5,842 shares of the company’s stock, valued at approximately $315,876.94. This represents a 20.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Franklin Financial Services Stock Down 2.5%

Franklin Financial Services stock opened at $53.63 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.20. Franklin Financial Services Corp. has a twelve month low of $28.01 and a twelve month high of $59.95. The firm has a market cap of $240.26 million, a P/E ratio of 15.32 and a beta of -0.10. The business has a fifty day moving average of $49.77 and a two-hundred day moving average of $44.63.

Franklin Financial Services (NASDAQ:FRAF) last issued its earnings results on Tuesday, October 28th. The company reported $1.19 earnings per share (EPS) for the quarter. Franklin Financial Services had a return on equity of 10.11% and a net margin of 12.34%.The company had revenue of $23.22 million during the quarter.

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. Franklin Financial Services’s payout ratio is presently 37.71%.

Institutional Investors Weigh In On Franklin Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in Franklin Financial Services by 341.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,105 shares of the company’s stock worth $323,000 after acquiring an additional 7,042 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Franklin Financial Services during the 1st quarter worth $133,000. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin Financial Services during the 1st quarter worth about $571,000. Empowered Funds LLC boosted its stake in Franklin Financial Services by 3.7% during the first quarter. Empowered Funds LLC now owns 33,474 shares of the company’s stock worth $1,187,000 after buying an additional 1,202 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Franklin Financial Services in the 1st quarter valued at approximately $529,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Franklin Financial Services in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Franklin Financial Services presently has a consensus rating of “Buy”.

About Franklin Financial Services

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.