Franklin Financial Services (OTCMKTS:FRAF) Stock Crosses Above 50-Day Moving Average of $36.30

Shares of Franklin Financial Services Corp (OTCMKTS:FRAF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $36.30 and traded as high as $32.30. Franklin Financial Services shares last traded at $32.30, with a volume of 374 shares trading hands.

Separately, TheStreet upgraded Franklin Financial Services from a “c” rating to an “a-” rating in a report on Monday, June 3rd.

The stock has a market cap of $140.15 million, a PE ratio of 28.94 and a beta of 0.57. The company has a fifty day moving average of $36.30 and a 200-day moving average of $37.07.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Friday, August 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.64%.

Several hedge funds have recently bought and sold shares of FRAF. Orrstown Financial Services Inc. purchased a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $63,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $96,000. Strs Ohio purchased a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $41,000. JPMorgan Chase & Co. purchased a new stake in shares of Franklin Financial Services in the 2nd quarter valued at $43,000. Finally, Acadian Asset Management LLC purchased a new stake in Franklin Financial Services during the 2nd quarter worth about $130,000. Hedge funds and other institutional investors own 5.36% of the company’s stock.

About Franklin Financial Services (OTCMKTS:FRAF)

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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