Insider Buying: Franklin Financial Services Co. (NASDAQ:FRAF) Director Purchases 500 Shares of Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Kimberly Rzomp bought 500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.14 per share, with a total value of $15,070.00. Following the acquisition, the director now owns 7,008 shares in the company, valued at approximately $211,221.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Financial Services Stock Performance

NASDAQ:FRAF opened at $28.82 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $27.03 and its 200 day moving average is $29.67. The firm has a market capitalization of $126.52 million, a PE ratio of 9.24 and a beta of 0.35. Franklin Financial Services Co. has a fifty-two week low of $23.96 and a fifty-two week high of $35.00.

Franklin Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Wednesday, May 1st. Franklin Financial Services’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Trading of Franklin Financial Services

A hedge fund recently bought a new stake in Franklin Financial Services stock. RKL Wealth Management LLC purchased a new position in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Company Profile

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.