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

Franklin Financial Services Co. (NASDAQ:FRAF) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,900 shares, a decline of 13.2% from the November 15th total of 6,800 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC bought a new stake in Franklin Financial Services in the third quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Franklin Financial Services during the 2nd quarter worth approximately $58,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Franklin Financial Services in the 3rd quarter valued at $205,000. Renaissance Technologies LLC lifted its holdings in Franklin Financial Services by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock valued at $467,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in 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 purchasing an additional 1,608 shares during the period. Institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Stock Performance

NASDAQ FRAF opened at $33.31 on Friday. The firm has a market capitalization of $147.10 million, a P/E ratio of 10.51 and a beta of 0.31. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The firm’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $30.55. Franklin Financial Services has a 1 year low of $25.11 and a 1 year high of $34.15.

Franklin Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were issued 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 3.84%. Franklin Financial Services’s payout ratio is 40.38%.

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.