PL Capital Advisors LLC Invests $385,000 in Franklin Financial Services Co. (NASDAQ:FRAF)

PL Capital Advisors LLC acquired a new stake in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 12,883 shares of the company’s stock, valued at approximately $385,000. Franklin Financial Services comprises approximately 0.1% of PL Capital Advisors LLC’s portfolio, making the stock its 26th largest position.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC bought a new position in shares of Franklin Financial Services during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Franklin Financial Services in the 4th quarter worth approximately $65,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Franklin Financial Services during the 3rd quarter valued at approximately $205,000. Empowered Funds LLC raised its stake in 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 buying an additional 1,608 shares during the last quarter. Finally, Fourthstone LLC boosted its holdings in Franklin Financial Services by 0.3% in the third quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock worth $13,280,000 after acquiring an additional 1,507 shares in the last quarter. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Price Performance

Shares of NASDAQ:FRAF opened at $37.23 on Wednesday. The company has a market capitalization of $164.41 million, a PE ratio of 14.95 and a beta of 0.34. The business has a fifty day moving average price of $33.21 and a 200-day moving average price of $32.23. Franklin Financial Services Co. has a 1-year low of $25.11 and a 1-year high of $38.41. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.92.

Franklin Financial Services (NASDAQ:FRAF) last issued its earnings results 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 Announces Dividend

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

Insiders Place Their Bets

In related news, Director Gregory A. Duffey acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $33.90 per share, with a total value of $101,700.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 3,032 shares of company stock valued at $102,773. Corporate insiders own 6.93% of the company’s stock.

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.