Franklin Financial Services (NASDAQ:FRAF) EVP Sells $80,822.00 in Stock

Franklin Financial Services Corp. (NASDAQ:FRAF) EVP Steven Butz sold 1,400 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.73, for a total transaction of $80,822.00. Following the transaction, the executive vice president owned 5,610 shares in the company, valued at $323,865.30. The trade was a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Franklin Financial Services Trading Down 1.2%

FRAF opened at $55.98 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $55.69 and a two-hundred day moving average price of $52.76. The company has a market cap of $251.35 million and a P/E ratio of 10.48. Franklin Financial Services Corp. has a 1-year low of $33.44 and a 1-year high of $60.00.

Franklin Financial Services (NASDAQ:FRAF) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.14. The business had revenue of $23.88 million for the quarter, compared to the consensus estimate of $23.30 million. Franklin Financial Services had a return on equity of 14.13% and a net margin of 17.73%.

Franklin Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 1st were issued a dividend of $0.34 per share. This is an increase from Franklin Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 1st. Franklin Financial Services’s dividend payout ratio is 25.47%.

Analyst Ratings Changes

Several research firms have recently issued reports on FRAF. Wall Street Zen upgraded shares of Franklin Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Hovde Group boosted their price objective on Franklin Financial Services from $59.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Franklin Financial Services in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Franklin Financial Services presently has an average rating of “Buy” and a consensus price target of $64.00.

Hedge Funds Weigh In On Franklin Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin Financial Services by 391,773.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 16,125,574 shares of the company’s stock valued at $809,504,000 after purchasing an additional 16,121,459 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Franklin Financial Services by 109.8% in the second quarter. Geode Capital Management LLC now owns 98,224 shares of the company’s stock worth $3,401,000 after acquiring an additional 51,407 shares during the period. Marshall Wace LLP grew its position in shares of Franklin Financial Services by 333.6% in the second quarter. Marshall Wace LLP now owns 45,468 shares of the company’s stock valued at $1,575,000 after purchasing an additional 34,982 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Franklin Financial Services by 64.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 75,439 shares of the company’s stock valued at $3,853,000 after purchasing an additional 29,637 shares during the period. Finally, Informed Momentum Co LLC bought a new stake in shares of Franklin Financial Services during the 4th quarter valued at $1,231,000. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Company Profile

Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.?listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.