Kimberly Rzomp Buys 500 Shares of Franklin Financial Services Co. (NASDAQ:FRAF) Stock

Franklin Financial Services Co. (NASDAQ:FRAF) Director Kimberly Rzomp purchased 500 shares of Franklin Financial Services stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.14 per share, with a total value of $15,070.00. Following the completion of the transaction, the director now owns 7,008 shares in the company, valued at approximately $211,221.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Franklin Financial Services Trading Down 0.9 %

FRAF opened at $28.82 on Friday. The firm has a market cap of $126.52 million, a price-to-earnings ratio of 9.24 and a beta of 0.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98. Franklin Financial Services Co. has a 12 month low of $23.96 and a 12 month high of $35.00. The stock has a fifty day moving average price of $27.03 and a 200-day moving average price of $29.66.

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, May 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Wednesday, May 1st. Franklin Financial Services’s payout ratio is 41.03%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Franklin Financial Services stock. RKL Wealth Management LLC bought a new position in shares of Franklin Financial Services Co. (NASDAQ:FRAF) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 9,033 shares of the company’s stock, valued at approximately $285,000. RKL Wealth Management LLC owned about 0.21% of Franklin Financial Services at the end of the most recent reporting period. Hedge funds and other institutional investors 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.