Franklin Financial Services (NASDAQ:FRAF) Trading 1.6% Higher - Should You Buy?
Franklin Financial Services (NASDAQ:FRAF) shares rose 1.6% during mid-day trading, reaching $53.91. The stock saw a significant increase in trading volume. Weiss Ratings reiterated a 'buy' rating. The company has a market cap of $241.46 million and a PE ratio of 15.40. Recent earnings showed $1.19 EPS and $23.22 million in revenue. The firm declared a quarterly dividend of $0.33. Institutional investors have modified their holdings, with 24.80% ownership. Franklin Financial Services provides banking and trust services in Pennsylvania.
Franklin Financial Services Corp. (NASDAQ:FRAF - Get Free Report)'s share price shot up 1.6% during mid-day trading 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.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Franklin Financial Services in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".
View Our Latest Stock Report on Franklin Financial Services
Franklin Financial Services Stock Up 1.6%
The firm has a market cap of $241.46 million, a PE ratio of 15.40 and a beta of 0.15. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. The company's 50-day simple moving average is $47.01 and its two-hundred day simple moving average is $42.59.
Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported $1.19 earnings per share for the quarter. Franklin Financial Services had a net margin of 12.34% and a return on equity of 10.37%. The company had revenue of $23.22 million during the quarter.
Franklin Financial Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were paid 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 2.4%. Franklin Financial Services's dividend payout ratio (DPR) is presently 37.71%.
Institutional Investors Weigh In On Franklin Financial Services
A number of large investors have recently modified their holdings of the stock. Two Sigma Investments LP bought a new position in Franklin Financial Services in the third quarter worth about $221,000. BNP Paribas Financial Markets grew its holdings in shares of 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 acquiring an additional 434 shares during the period. First Trust Advisors LP bought a new position in shares of Franklin Financial Services in the 3rd quarter worth approximately $598,000. Rhumbline Advisers lifted its stake in shares of Franklin Financial Services by 18.0% in the 3rd quarter. Rhumbline Advisers now owns 6,323 shares of the company's stock valued at $291,000 after purchasing an additional 963 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of Franklin Financial Services in the 3rd quarter valued at approximately $46,000. Institutional investors own 24.80% of the company's stock.
About Franklin Financial Services
(Get Free Report)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.
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