Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Up 5.5% in April

Franklin Financial Services Co. (NASDAQ:FRAF) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,700 shares, a growth of 5.5% from the March 31st total of 7,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Franklin Financial Services

A hedge fund recently bought a new stake in Franklin Financial Services stock. RKL Wealth Management LLC bought a new stake in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,033 shares of the company’s stock, valued at approximately $285,000. RKL Wealth Management LLC owned approximately 0.21% of Franklin Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Stock Down 1.5 %

Franklin Financial Services stock opened at $29.50 on Thursday. The firm has a market cap of $129.56 million, a price-to-earnings ratio of 9.46 and a beta of 0.42. The stock has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $29.66. Franklin Financial Services has a 12 month low of $23.96 and a 12 month high of $35.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98.

Franklin Financial Services (NASDAQ:FRAF) last posted its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter. The business had revenue of $17.99 million during the quarter. Franklin Financial Services had a return on equity of 11.18% and a net margin of 13.69%.

Franklin Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, May 2nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, May 1st. Franklin Financial Services’s payout ratio is currently 41.03%.

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.