Franklin Financial Services (NASDAQ:FRAF) Announces Earnings Results

Franklin Financial Services (NASDAQ:FRAF) posted its quarterly earnings results on Tuesday. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.44, Zacks reports. The business had revenue of $25.84 million during the quarter, compared to analyst estimates of $24.90 million.

Franklin Financial Services Trading Up 2.7%

NASDAQ FRAF opened at $66.73 on Wednesday. The business’s 50 day moving average is $62.88 and its two-hundred day moving average is $57.81. Franklin Financial Services has a 12-month low of $44.99 and a 12-month high of $65.41. The stock has a market capitalization of $300.27 million, a price-to-earnings ratio of 12.22 and a beta of -0.02.

Franklin Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. Franklin Financial Services’s dividend payout ratio is currently 24.77%.

Analysts Set New Price Targets

A number of research firms have recently commented on FRAF. Weiss Ratings upgraded Franklin Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, October 21st. Hovde Group upped their price target on Franklin Financial Services from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded Franklin Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Franklin Financial Services Company Profile

Franklin Financial Services Corporation is a bank holding company headquartered in Chambersburg, Pennsylvania. Its principal subsidiary, F&M Trust, is a community bank that serves individuals, families, businesses and nonprofit organizations through banking offices and digital channels.

F&M Trust offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lending, consumer loans, commercial real estate and business loans, treasury management and online banking.