Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Franklin Financial Services Corp (OTCMKTS:FRAF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,511 shares of the financial services provider’s stock, valued at approximately $96,000. Farmers & Merchants Trust Co of Chambersburg PA owned approximately 0.06% of Franklin Financial Services at the end of the most recent reporting period.
Separately, Orrstown Financial Services Inc. acquired a new position in shares of Franklin Financial Services during the 2nd quarter worth about $63,000. 5.36% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet lowered shares of Viavi Solutions from a “b-” rating to a “c+” rating in a research note on Monday, June 3rd.
Franklin Financial Services (OTCMKTS:FRAF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.73 EPS for the quarter. Franklin Financial Services had a net margin of 9.93% and a return on equity of 5.12%. The business had revenue of $13.49 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Friday, August 2nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%.
About Franklin Financial Services
Franklin Financial Services Corporation offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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