Franklin Financial Services (NASDAQ:FRAF) Trading 1.6% Higher – Time to Buy?

Franklin Financial Services Corp. (NASDAQ:FRAF) shares traded up 1.6% on Wednesday . The company traded as high as $54.31 and last traded at $53.91. 92,707 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 22,967 shares. The stock had previously closed at $53.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Franklin Financial Services in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Franklin Financial Services Price Performance

The stock has a market capitalization of $239.60 million, a price-to-earnings ratio of 15.28 and a beta of 0.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average of $47.21 and a 200-day moving average of $42.77.

Franklin Financial Services (NASDAQ:FRAF) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.19 earnings per share for the quarter. The company had revenue of $23.22 million for the quarter. Franklin Financial Services had a net margin of 12.34% and a return on equity of 10.37%.

Franklin Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were given 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 37.71%.

Hedge Funds Weigh In On Franklin Financial Services

Several hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in shares of Franklin Financial Services in the 3rd quarter valued at about $221,000. BNP Paribas Financial Markets grew 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 buying an additional 434 shares during the last quarter. First Trust Advisors LP acquired a new position in Franklin Financial Services during the third quarter worth approximately $598,000. Rhumbline Advisers increased its position in Franklin Financial Services by 18.0% during the third quarter. Rhumbline Advisers now owns 6,323 shares of the company’s stock worth $291,000 after buying an additional 963 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in Franklin Financial Services in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 24.80% of the company’s stock.

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.