Franklin Financial Services Corp. (FRAF) To Go Ex-Dividend on February 6th

Franklin Financial Services Corp. (NASDAQ:FRAF) declared a quarterly dividend on Thursday, January 15th. Shareholders of record on Friday, February 6th will be paid a dividend of 0.33 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 6th.

Franklin Financial Services has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years.

Franklin Financial Services Trading Down 2.0%

Franklin Financial Services stock traded down $0.99 during midday trading on Wednesday, reaching $49.24. The stock had a trading volume of 25,096 shares, compared to its average volume of 79,285. The stock’s 50-day simple moving average is $52.17 and its 200 day simple moving average is $47.79. Franklin Financial Services has a twelve month low of $32.39 and a twelve month high of $59.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $220.57 million, a PE ratio of 10.34 and a beta of -0.08.

Franklin Financial Services (NASDAQ:FRAF) last posted its earnings results on Tuesday, January 27th. The company reported $1.35 earnings per share (EPS) for the quarter. The firm had revenue of $23.31 million during the quarter. Franklin Financial Services had a net margin of 15.90% and a return on equity of 13.40%.

Insiders Place Their Bets

In other news, Director Kimberly Rzomp sold 1,500 shares of Franklin Financial Services stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $54.07, for a total transaction of $81,105.00. Following the sale, the director directly owned 5,842 shares of the company’s stock, valued at approximately $315,876.94. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Franklin Financial Services by 84.1% in the third quarter. BNP Paribas Financial Markets now owns 950 shares of the company’s stock worth $44,000 after purchasing an additional 434 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Franklin Financial Services by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 64,715 shares of the company’s stock valued at $2,241,000 after buying an additional 541 shares during the last quarter. Rhumbline Advisers raised its stake 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 acquiring an additional 963 shares during the period. Jones Financial Companies Lllp bought a new position in Franklin Financial Services in the third quarter worth about $46,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Franklin Financial Services during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

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.