Franklin Financial Services Co. (NASDAQ:FRAF – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 5,700 shares, an increase of 26.7% from the May 15th total of 4,500 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the company’s shares are sold short.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of Franklin Financial Services by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 18,700 shares of the company’s stock valued at $631,000 after buying an additional 400 shares in the last quarter. State Street Corp grew its stake in shares of Franklin Financial Services by 6.4% in the 1st quarter. State Street Corp now owns 12,295 shares of the company’s stock valued at $413,000 after buying an additional 744 shares in the last quarter. BlackRock Inc. grew its stake in shares of Franklin Financial Services by 8.8% in the 4th quarter. BlackRock Inc. now owns 12,941 shares of the company’s stock valued at $428,000 after buying an additional 1,052 shares in the last quarter. Vanguard Group Inc. boosted its position in Franklin Financial Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 187,251 shares of the company’s stock worth $6,273,000 after purchasing an additional 1,458 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Franklin Financial Services by 15.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,805 shares of the company’s stock worth $414,000 after purchasing an additional 1,722 shares during the period. 19.05% of the stock is owned by institutional investors and hedge funds.
NASDAQ FRAF opened at $29.05 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. Franklin Financial Services has a 1 year low of $28.05 and a 1 year high of $35.00. The stock’s 50-day moving average price is $31.33 and its two-hundred day moving average price is $32.77. The company has a market cap of $129.50 million, a PE ratio of 7.28 and a beta of 0.75.
Franklin Financial Services (NASDAQ:FRAF – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported $0.67 earnings per share for the quarter. Franklin Financial Services had a return on equity of 11.90% and a net margin of 26.70%. The company had revenue of $14.69 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 6th were paid a $0.32 dividend. The ex-dividend date was Thursday, May 5th. This represents a $1.28 annualized dividend and a dividend yield of 4.41%. Franklin Financial Services’s payout ratio is 32.08%.
Franklin Financial Services Company Profile (Get Rating)
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 small and medium-sized businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania.
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