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

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

Institutional Trading of Franklin Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in shares of Franklin Financial Services during the 3rd quarter worth about $35,000. UBS Group AG lifted its holdings in shares of Franklin Financial Services by 43.3% during the 4th quarter. UBS Group AG now owns 1,105 shares of the company’s stock worth $40,000 after acquiring an additional 334 shares during the period. Stilwell Value LLC bought a new position in shares of Franklin Financial Services during the 1st quarter worth about $152,000. Jane Street Group LLC bought a new position in shares of Franklin Financial Services during the 2nd quarter worth about $269,000. Finally, RKL Wealth Management LLC bought a new position in shares of Franklin Financial Services during the 4th quarter worth about $285,000. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Stock Performance

NASDAQ:FRAF traded up $0.17 during midday trading on Tuesday, reaching $26.14. The stock had a trading volume of 1,907 shares, compared to its average volume of 4,871. 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 capitalization of $114.75 million, a P/E ratio of 8.43 and a beta of 0.42. The firm’s fifty day simple moving average is $26.37 and its 200-day simple moving average is $29.58. Franklin Financial Services has a 1-year low of $23.96 and a 1-year high of $35.00.

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

Franklin Financial Services Dividend Announcement

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

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.