Franklin Financial Services Co. (NASDAQ:FRAF) Short Interest Update

Franklin Financial Services Co. (NASDAQ:FRAF) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,300 shares, a drop of 7.6% from the March 15th total of 7,900 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Franklin Financial Services

Institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its position in shares of Franklin Financial Services by 43.3% in the 4th quarter. UBS Group AG now owns 1,105 shares of the company’s stock valued at $40,000 after buying an additional 334 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Franklin Financial Services in the 3rd quarter valued at about $35,000. Stilwell Value LLC acquired a new position in shares of Franklin Financial Services in the 1st quarter valued at about $152,000. Jane Street Group LLC acquired a new position in shares of Franklin Financial Services in the 2nd quarter valued at about $269,000. Finally, RKL Wealth Management LLC acquired a new position in shares of Franklin Financial Services in the 4th quarter valued at about $285,000. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Price Performance

FRAF stock traded up $0.17 during midday trading on Tuesday, reaching $26.14. 1,907 shares of the stock were exchanged, compared to its average volume of 4,871. The stock has a market capitalization of $114.75 million, a PE ratio of 8.51 and a beta of 0.42. Franklin Financial Services has a 52 week low of $23.96 and a 52 week high of $35.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $26.47 and a 200 day moving average price of $29.60.

Franklin Financial Services (NASDAQ:FRAF) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter. The business had revenue of $17.99 million for the quarter. Franklin Financial Services had a return on equity of 11.10% and a net margin of 14.84%.

Franklin Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 1st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $1.28 dividend on an annualized basis and a yield of 4.90%. Franklin Financial Services’s dividend payout ratio is currently 41.29%.

Franklin Financial Services Company 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.