Franklin Financial Services Co. (NASDAQ:FRAF) Sees Significant Decrease in Short Interest

Franklin Financial Services Co. (NASDAQ:FRAF) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 5,900 shares, a drop of 13.2% from the November 15th total of 6,800 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in FRAF. Barclays PLC acquired a new position in Franklin Financial Services in the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Franklin Financial Services in the second quarter valued at about $58,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Franklin Financial Services during the third quarter worth about $205,000. Renaissance Technologies LLC grew its holdings in shares of Franklin Financial Services by 25.0% during the second quarter. Renaissance Technologies LLC now owns 16,506 shares of the company’s stock worth $467,000 after buying an additional 3,306 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Franklin Financial Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock valued at $954,000 after buying an additional 1,608 shares during the last quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Trading Up 0.3 %

NASDAQ:FRAF opened at $33.31 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50-day simple moving average is $32.29 and its 200-day simple moving average is $30.55. Franklin Financial Services has a fifty-two week low of $25.11 and a fifty-two week high of $34.15. The stock has a market capitalization of $147.10 million, a PE ratio of 10.51 and a beta of 0.31.

Franklin Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, November 1st. Franklin Financial Services’s dividend payout ratio (DPR) is presently 40.38%.

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.