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Gregory A. Duffey, a director at Franklin Financial Services Corp (NASDAQ:FRAF), has recently acquired additional shares of the company. According to the latest SEC Form 4 filing, Duffey purchased 26 shares of common stock on May 28, 2025, at a price of $38.60 per share. This transaction amounts to a total value of $1,003. The purchase price aligns closely with the current market price of $38.49, with the stock showing remarkable strength, having returned over 53% in the past year. According to InvestingPro analysis, the company currently trades slightly above its Fair Value.
Following this acquisition, Duffey’s total holdings in Franklin Financial Services have increased to 24,519 shares. This figure includes previously reported unvested restricted stock units and shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. The company, with a market capitalization of $171.6 million, maintains a solid dividend track record, having paid dividends for 42 consecutive years with a current yield of 3.42%.
The transaction was executed by Amanda M. Ducey, acting under a power of attorney for Gregory A. Duffey, and was officially filed with the SEC on May 30, 2025. For deeper insights into FRAF’s financial health and additional analysis, including more exclusive tips, visit InvestingPro.
In other recent news, Franklin Financial Services Corporation reported a significant 16.7% increase in net income for the first quarter of 2025, reaching $3.9 million, compared to $3.4 million in the same period last year. The company also announced a 3.1% increase in its quarterly cash dividend, now at $0.33 per share, payable on May 28, 2025. The company’s total assets grew to $2.257 billion, driven by a notable increase in net loans and deposits. Franklin Financial’s wealth management fees rose to $2.2 million for the first quarter, up from $2.0 million in 2024. Additionally, Craig W. Best is set to assume the role of CEO following the annual meeting, succeeding Timothy G. Henry. Shareholders recently voted on several key proposals, including director elections and the approval of an employee stock purchase plan. The election of three Class B directors and the ratification of Crowe LLP as the independent auditor were confirmed. These developments reflect Franklin Financial’s strategic growth and ongoing commitment to its shareholders.
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