Short-term stake in Franklin Financial Services Co. (NASDAQ:FRAF) drops 32.6%


Franklin Financial Services Co. (NASDAQ:FRAF – Get Rating) saw a sharp drop in short interest during the month of April. As of April 15, there was short interest totaling 2,900 shares, down 32.6% from the March 31 total of 4,300 shares. Based on an average daily volume of 1,600 shares, the day-to-cover ratio is currently 1.8 days. Currently, 0.1% of the company’s shares are sold short.

NASDAQ: FRAF opened at $32.42 on Friday. The company’s fifty-day moving average is $33.67 and its 200-day moving average is $33.24. Franklin Financial Services has a 52-week low of $29.74 and a 52-week high of $35.00. The company has a market capitalization of $144.59 million, a P/E ratio of 8.13 and a beta of 0.77.

Franklin Financial Services Inc (NASDAQ:FRAF – Get Rating) last released quarterly earnings data on Tuesday, April 26. The company reported EPS of $0.67 for the quarter. Franklin Financial Services posted a net margin of 26.70% and a return on equity of 11.58%. The company had revenue of $14.69 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Friday, May 6 will receive a dividend of $0.32. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, May 5. Franklin Financial Services’ dividend payout ratio is currently 32.08%.

Several large investors have recently bought and sold shares of the company. Fourthstone LLC increased its stake in shares of Franklin Financial Services by 11.0% in Q3. Fourthstone LLC now owns 116,638 shares of the company valued at $3,706,000 after purchasing an additional 11,601 shares in the last quarter. Greenwich Investment Management Inc. acquired a new position in shares of Franklin Financial Services during the 4th quarter worth $1,302,000. Geode Capital Management LLC increased its position in Franklin Financial Services shares by 6.2% during the third quarter. Geode Capital Management LLC now owns 33,802 shares of the company valued at $1,093,000 after acquiring an additional 1,963 shares during the period. Morgan Stanley increased its position in Franklin Financial Services shares by 173.1% during the second quarter. Morgan Stanley now owns 19,335 shares of the company valued at $617,000 after acquiring an additional 12,255 shares during the period. Finally, Petiole USA ltd acquired a new position in shares of Franklin Financial Services during the 4th quarter at a value of $457,000. 17.84% of the shares are currently held by institutional investors.

Franklin Financial Services Company Profile (Get a rating)

Franklin Financial Services Corporation operates as a banking holding company for Farmers and Merchants Trust Company of Chambersburg which provides business, retail banking and trust services to small and medium-sized businesses, individuals, government entities and non-profit organizations in Pennsylvania.

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