Franklin Financial Services (NASDAQ:FRAF) Announces Quarterly Earnings Results

Franklin Financial Services (NASDAQ:FRAF) released its earnings results on Tuesday. The company reported $1.35 earnings per share for the quarter, FiscalAI reports. Franklin Financial Services had a net margin of 15.90% and a return on equity of 13.40%. The firm had revenue of $23.31 million during the quarter.

Franklin Financial Services Stock Up 2.1%

NASDAQ FRAF opened at $49.36 on Thursday. Franklin Financial Services has a twelve month low of $32.39 and a twelve month high of $59.95. The stock has a market cap of $221.13 million, a PE ratio of 14.10 and a beta of -0.08. The firm has a 50-day simple moving average of $52.21 and a 200 day simple moving average of $47.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 0.91.

Franklin Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. Franklin Financial Services’s dividend payout ratio is currently 37.71%.

Insider Buying and Selling

In other Franklin Financial Services news, Director Kimberly Rzomp sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $54.07, for a total value of $81,105.00. Following the completion of the sale, the director owned 5,842 shares in the company, valued at approximately $315,876.94. This trade represents a 20.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Franklin Financial Services

A number of institutional investors have recently bought and sold shares of FRAF. Geode Capital Management LLC increased its holdings in Franklin Financial Services by 109.8% in the 2nd quarter. Geode Capital Management LLC now owns 98,224 shares of the company’s stock valued at $3,401,000 after buying an additional 51,407 shares during the period. Marshall Wace LLP boosted its position in shares of Franklin Financial Services by 333.6% during the 2nd quarter. Marshall Wace LLP now owns 45,468 shares of the company’s stock valued at $1,575,000 after acquiring an additional 34,982 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Franklin Financial Services by 2,373.8% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 26,742 shares of the company’s stock valued at $1,230,000 after acquiring an additional 25,661 shares during the period. SummerHaven Investment Management LLC acquired a new position in Franklin Financial Services in the third quarter worth about $1,000,000. Finally, Goldman Sachs Group Inc. acquired a new position in Franklin Financial Services in the first quarter worth about $571,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Franklin Financial Services in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

About Franklin Financial Services

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.