6,799 Shares in Franklin Financial Services Co. (NASDAQ:FRAF) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,799 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin Financial Services during the 2nd quarter valued at approximately $58,000. Renaissance Technologies LLC lifted its position in shares of Franklin Financial Services by 25.0% during the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after acquiring an additional 3,306 shares in the last quarter. Empowered Funds LLC lifted its position 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 worth $954,000 after acquiring an additional 1,608 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Franklin Financial Services by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock worth $1,132,000 after acquiring an additional 5,183 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Franklin Financial Services by 2.3% in the first quarter. Vanguard Group Inc. now owns 149,730 shares of the company’s stock valued at $3,923,000 after purchasing an additional 3,436 shares in the last quarter. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Stock Performance

Shares of FRAF opened at $33.72 on Monday. Franklin Financial Services Co. has a 52-week low of $25.11 and a 52-week high of $33.99. The stock’s 50-day simple moving average is $31.67 and its 200 day simple moving average is $30.11. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $148.91 million, a price-to-earnings ratio of 10.64 and a beta of 0.30.

Franklin Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were given a $0.32 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.80%. Franklin Financial Services’s dividend payout ratio (DPR) is currently 40.38%.

Insider Activity at Franklin Financial Services

In other news, Director Allan E. Jennings, Jr. purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $30.51 per share, with a total value of $30,510.00. Following the acquisition, the director now directly owns 28,250 shares in the company, valued at approximately $861,907.50. This trade represents a 3.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 1,134 shares of company stock valued at $34,606. Corporate insiders own 6.93% of the company’s stock.

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.