Franklin Financial Services Co. (NASDAQ:FRAF) is Fourthstone LLC’s 10th Largest Position

Fourthstone LLC grew its position in shares of Franklin Financial Services Co. (NASDAQ:FRAF) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 440,745 shares of the company’s stock after purchasing an additional 1,507 shares during the quarter. Franklin Financial Services accounts for 3.0% of Fourthstone LLC’s holdings, making the stock its 10th largest holding. Fourthstone LLC owned about 0.10% of Franklin Financial Services worth $13,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of FRAF. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Franklin Financial Services in the third quarter valued at approximately $205,000. Dimensional Fund Advisors LP increased its position in shares of Franklin Financial Services by 14.9% during 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 last quarter. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Renaissance Technologies LLC grew its stake 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin Financial Services during the 2nd quarter worth approximately $58,000. 24.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Franklin Financial Services

In other news, Director Allan E. Jennings, Jr. bought 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, for a total transaction of $30,510.00. Following the completion of the transaction, the director now directly owns 28,250 shares of the company’s stock, valued at approximately $861,907.50. This trade represents a 3.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 1,134 shares of company stock worth $34,606 in the last three months. 6.93% of the stock is owned by company insiders.

Franklin Financial Services Stock Performance

Shares of FRAF stock remained flat at $33.55 during mid-day trading on Thursday. 2,662 shares of the stock were exchanged, compared to its average volume of 5,347. The company has a market capitalization of $148.29 million, a P/E ratio of 10.58 and a beta of 0.30. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. Franklin Financial Services Co. has a twelve month low of $25.11 and a twelve month high of $33.99. The company has a fifty day moving average price of $31.58 and a 200 day moving average price of $29.98.

Franklin Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.28 annualized dividend and a dividend yield of 3.82%. Franklin Financial Services’s payout ratio is currently 40.38%.

About Franklin Financial Services

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.