Farmers & Merchants Trust Co of Chambersburg PA Makes New Investment in Franklin Financial Services Corp (OTCMKTS:FRAF)

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.

Shares of Franklin Financial Services stock remained flat at $$36.49 during trading on Tuesday. 119 shares of the stock traded hands, compared to its average volume of 12,276. The stock has a market capitalization of $160.99 million, a price-to-earnings ratio of 28.94 and a beta of 0.57. The firm’s fifty day moving average price is $37.72. Franklin Financial Services Corp has a one year low of $26.83 and a one year high of $39.56.

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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