1,087 Shares in Franklin Financial Services Co. (NASDAQ:FRAF) Acquired by Barclays PLC

Barclays PLC purchased a new position in shares of Franklin Financial Services Co. (NASDAQ:FRAF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,087 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Financial Services during the second quarter worth approximately $58,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Franklin Financial Services during the third quarter worth approximately $205,000. Renaissance Technologies LLC boosted 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 purchasing an additional 3,306 shares during the period. Empowered Funds LLC boosted its holdings in shares of Franklin Financial Services by 5.3% during the third quarter. Empowered Funds LLC now owns 31,672 shares of the company’s stock worth $954,000 after purchasing an additional 1,608 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Franklin Financial Services by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 40,030 shares of the company’s stock worth $1,132,000 after purchasing an additional 5,183 shares during the period. 24.80% of the stock is currently owned by institutional investors and hedge funds.

Franklin Financial Services Stock Performance

FRAF stock opened at $28.08 on Friday. The stock has a market cap of $124.00 million, a P/E ratio of 8.86 and a beta of 0.33. The firm has a 50 day simple moving average of $32.11 and a 200 day simple moving average of $30.95. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. Franklin Financial Services Co. has a 52 week low of $25.11 and a 52 week high of $34.15.

Franklin Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 1st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, November 1st. Franklin Financial Services’s payout ratio 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.