Franklin Financial Services (OTCMKTS:FRAF) Share Price Crosses Below Two Hundred Day Moving Average of $25.02

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Franklin Financial Services Co. (OTCMKTS:FRAF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.02 and traded as low as $21.16. Franklin Financial Services shares last traded at $21.16, with a volume of 1,768 shares.

The business has a 50-day simple moving average of $23.47 and a two-hundred day simple moving average of $24.99. The company has a market cap of $93.63 million, a price-to-earnings ratio of 28.94 and a beta of 0.57.

Franklin Financial Services (OTCMKTS:FRAF) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.71 earnings per share for the quarter. Franklin Financial Services had a return on equity of 5.12% and a net margin of 9.93%. The company had revenue of $13.74 million during the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of FRAF. BlackRock Inc. grew its position in Franklin Financial Services by 1.4% during the 1st quarter. BlackRock Inc. now owns 218,069 shares of the financial services provider’s stock worth $5,986,000 after acquiring an additional 3,046 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Franklin Financial Services by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 52,856 shares of the financial services provider’s stock valued at $1,450,000 after purchasing an additional 2,640 shares during the period. Royal Bank of Canada lifted its stake in shares of Franklin Financial Services by 3.7% in the 1st quarter. Royal Bank of Canada now owns 23,041 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 819 shares during the period. Bank of New York Mellon Corp raised its stake in Franklin Financial Services by 16.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,443 shares of the financial services provider’s stock worth $580,000 after buying an additional 3,092 shares during the period. Finally, Bridgeway Capital Management Inc. raised its stake in Franklin Financial Services by 28.7% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 12,100 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,700 shares during the period. 5.36% of the stock is owned by institutional investors and hedge funds.

Franklin Financial Services Company Profile (OTCMKTS:FRAF)

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 small and medium-sized businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania.

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