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

Franklin Financial Services Co. (NASDAQ:FRAF) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 7,300 shares, a decrease of 7.6% from the March 15th total of 7,900 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are sold short.

Franklin Financial Services Price Performance

Shares of FRAF stock traded up $0.17 during trading hours on Tuesday, hitting $26.14. 1,907 shares of the company’s stock were exchanged, compared to its average volume of 4,871. The stock’s 50-day moving average is $26.47 and its 200-day moving average is $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $114.75 million, a price-to-earnings ratio of 8.51 and a beta of 0.42. Franklin Financial Services has a 52 week low of $23.96 and a 52 week high of $35.00.

Franklin Financial Services (NASDAQ:FRAF) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter. The company had revenue of $17.99 million for the quarter. Franklin Financial Services had a return on equity of 11.10% and a net margin of 14.84%.

Franklin Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Wednesday, January 31st. Franklin Financial Services’s dividend payout ratio (DPR) is presently 41.29%.

Hedge Funds Weigh In On Franklin Financial Services

Large investors have recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Franklin Financial Services by 43.3% during the fourth quarter. UBS Group AG now owns 1,105 shares of the company’s stock valued at $40,000 after acquiring an additional 334 shares during the period. Qube Research & Technologies Ltd acquired a new position in Franklin Financial Services in the third quarter valued at about $35,000. Stilwell Value LLC acquired a new position in Franklin Financial Services in the first quarter valued at about $152,000. Jane Street Group LLC acquired a new position in Franklin Financial Services in the second quarter valued at about $269,000. Finally, RKL Wealth Management LLC acquired a new position in Franklin Financial Services in the fourth quarter valued at about $285,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

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.