Saturday, 18 May 2024


Franklin financial exec buys $27 worth of company stock By

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In a recent transaction on May 15, 2024, Karen K. Carmack, Senior Vice President (SVP) of Franklin Financial Services Corp (NASDAQ:FRAF), purchased additional shares of the company’s common stock. The executive acquired the stock at a price of $27.5 per share, reflecting a total investment of $27.

This purchase increases Carmack’s holdings in Franklin Financial Services Corp to a total of 3,030 shares. The transaction, disclosed in a regulatory filing, is part of the normal course of business for corporate executives who may buy or sell shares in their own companies.

Investors often monitor such transactions as they can provide insights into an executive’s confidence in the company’s future performance. However, it’s important to note that these transactions do not always predict future stock movements and can be influenced by a variety of factors, including personal financial planning and portfolio diversification.

Franklin Financial Services Corp, based in Chambersburg, Pennsylvania, operates as a state commercial bank and is known for providing a range of banking and financial services to its customers. The company’s stock, traded under the ticker FRAF, is followed by investors interested in the financial services sector.

The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which is a standard requirement for insiders of a company when they engage in transactions involving their own company’s stock.

InvestingPro Insights

Franklin Financial Services Corp’s recent insider stock purchase by Senior Vice President Karen K. Carmack aligns with the company’s notable history of maintaining dividend payments for an impressive 41 consecutive years. This consistent return to shareholders is a testament to the company’s financial stability and may be a factor in Carmack’s decision to increase her stake in the company. With a dividend yield of 4.92%, Franklin Financial Services Corp stands out in the current investment landscape, particularly for income-focused investors.

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Notably, Franklin Financial Services Corp is trading near its 52-week low, with a price of $26 at the previous close, suggesting a potential value opportunity for investors. The company has a P/E ratio of 8.43, which is relatively low compared to industry peers, potentially indicating an undervalued stock. Furthermore, the company has been…

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