Franklin Financial Services Corp. (NASDAQ:FRAF) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Franklin Financial Services Corp. (NASDAQ:FRAF – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 64,511 shares, a growth of 37.0% from the December 15th total of 47,083 shares. Based on an average daily trading volume, of 61,385 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.6% of the shares of the company are short sold. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 61,385 shares, the days-to-cover ratio is presently 1.1 days.

Insider Buying and Selling at Franklin Financial Services

In other Franklin Financial Services news, Director Kimberly Rzomp sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $54.07, for a total transaction of $81,105.00. Following the sale, the director owned 5,842 shares in the company, valued at approximately $315,876.94. This trade represents a 20.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Franklin Financial Services

Several institutional investors have recently made changes to their positions in FRAF. Police & Firemen s Retirement System of New Jersey purchased a new position in Franklin Financial Services during the 2nd quarter valued at $36,000. BNP Paribas Financial Markets grew its holdings in shares of Franklin Financial Services by 84.1% in the third quarter. BNP Paribas Financial Markets now owns 950 shares of the company’s stock worth $44,000 after purchasing an additional 434 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Franklin Financial Services in the 3rd quarter worth about $46,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Franklin Financial Services during the 2nd quarter valued at about $79,000. Finally, New York State Common Retirement Fund purchased a new stake in Franklin Financial Services in the 2nd quarter valued at about $100,000. Institutional investors own 24.80% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Franklin Financial Services in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Report on FRAF

Franklin Financial Services Price Performance

Shares of NASDAQ:FRAF traded down $0.81 on Friday, reaching $53.15. The company’s stock had a trading volume of 67,635 shares, compared to its average volume of 67,902. The company has a 50-day simple moving average of $51.89 and a 200 day simple moving average of $46.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $238.11 million, a P/E ratio of 15.19 and a beta of -0.08. Franklin Financial Services has a 52-week low of $32.39 and a 52-week high of $59.95.

Franklin Financial Services (NASDAQ:FRAF – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.19 earnings per share for the quarter. The company had revenue of $23.22 million for the quarter. Franklin Financial Services had a return on equity of 10.11% and a net margin of 12.34%.

About Franklin Financial Services

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Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.‐listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.

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