PL Capital Advisors LLC Makes New $11.52 Million Investment in Franklin Financial Services Co. (NASDAQ:FRAF)

PL Capital Advisors LLC purchased a new stake in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 385,202 shares of the company’s stock, valued at approximately $11,518,000. Franklin Financial Services makes up about 0.1% of PL Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. PL Capital Advisors LLC owned 0.09% of Franklin Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services in the 3rd quarter valued at approximately $205,000. Wilmington Savings Fund Society FSB bought a new position in shares of Franklin Financial Services in the fourth quarter worth $65,000. Empowered Funds LLC increased its holdings in shares of Franklin Financial Services by 5.3% during the third quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after purchasing an additional 1,608 shares during the period. Fourthstone LLC increased its holdings in shares of Franklin Financial Services by 0.3% during the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after purchasing an additional 1,507 shares during the period. Finally, Barclays PLC bought a new stake in shares of Franklin Financial Services during the third quarter valued at about $32,000. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Franklin Financial Services news, Director Gregory A. Duffey acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $33.90 per share, with a total value of $101,700.00. Following the purchase, the director now directly owns 23,782 shares of the company’s stock, valued at approximately $806,209.80. This trade represents a 14.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 3,032 shares of company stock worth $102,773 over the last 90 days. 6.93% of the stock is currently owned by company insiders.

Franklin Financial Services Stock Performance

Shares of FRAF opened at $37.23 on Wednesday. The firm has a market capitalization of $164.41 million, a PE ratio of 14.95 and a beta of 0.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The firm has a 50-day moving average price of $33.21 and a 200 day moving average price of $32.23. Franklin Financial Services Co. has a 52-week low of $25.11 and a 52-week high of $38.41.

Franklin Financial Services (NASDAQ:FRAF) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 earnings per share (EPS) for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Franklin Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, February 7th. Franklin Financial Services’s dividend payout ratio (DPR) is presently 51.41%.

Franklin Financial Services 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.