New insider activity at Franklin Financial Services ( (FRAF) ) has taken place on February 5, 2025.
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CEO Craig W. Best has made a significant investment by purchasing 7,350 shares of Franklin Financial Services stock. This transaction is valued at $249,312, indicating a strong show of confidence in the company’s future prospects.
Recent Updates on FRAF stock
Franklin Financial Services Corporation reported a significant decline in fourth-quarter net income, primarily due to a $3.4 million loss from securities sales. Despite the decrease in net income to $487 thousand, the company demonstrated strong growth in total assets and deposits, increasing by 19.7% and 18.1% respectively. The net interest margin fell to 2.95% for the year, yet net interest income improved by 7.2% year-over-year. The decline in noninterest income was attributed to the securities loss, although wealth management fees showed improvement. Shareholders’ equity rose, and a regular quarterly cash dividend was declared, maintaining stable investor returns. Looking forward, Franklin Financial is optimistic, focusing on asset and deposit growth, infrastructure investment, and strategic balance sheet restructuring to enhance future profitability.
More about Franklin Financial Services
YTD Price Performance: 17.95%
Average Trading Volume: 6,583
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $152.3M