Franklin Financial Services Co. (NASDAQ:FRAF) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Franklin Financial Services Co. (NASDAQ:FRAF) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,926 shares of the company’s stock after purchasing an additional 2,127 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of Franklin Financial Services worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FRAF. Fourthstone LLC grew its position in shares of Franklin Financial Services by 0.3% in the 3rd quarter. Fourthstone LLC now owns 440,745 shares of the company’s stock valued at $13,280,000 after buying an additional 1,507 shares during the last quarter. Barclays PLC acquired a new position in Franklin Financial Services in the third quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Franklin Financial Services during the fourth quarter worth about $65,000. Empowered Funds LLC increased its position in shares of Franklin Financial Services by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,272 shares of the company’s stock worth $965,000 after purchasing an additional 600 shares in the last quarter. Finally, PL Capital Advisors LLC purchased a new stake in shares of Franklin Financial Services in the 4th quarter valued at about $11,518,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

Insider Buying and Selling

In other news, President Craig W. Best acquired 6,756 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $37.00 per share, with a total value of $249,972.00. Following the purchase, the president now owns 15,606 shares of the company’s stock, valued at $577,422. This represents a 76.34 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory A. Duffey acquired 3,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $33.90 per share, with a total value of $101,700.00. Following the transaction, the director now owns 23,782 shares in the company, valued at $806,209.80. The trade was a 14.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 9,785 shares of company stock valued at $352,751 over the last quarter. 6.93% of the stock is currently owned by insiders.

Franklin Financial Services Trading Down 2.1 %

NASDAQ:FRAF opened at $35.73 on Monday. The company has a market capitalization of $158.64 million, a PE ratio of 14.35 and a beta of 0.25. Franklin Financial Services Co. has a 52-week low of $25.11 and a 52-week high of $38.41. The stock’s 50 day moving average price is $35.62 and its 200 day moving average price is $33.01. 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 (NASDAQ:FRAF) last announced its earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Franklin Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.28 annualized dividend and a dividend yield of 3.58%. Franklin Financial Services’s dividend payout ratio (DPR) is 51.41%.

Franklin Financial Services Company Profile

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.