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Gregory A. Duffey, a director at Franklin Financial Services Corp (NASDAQ:FRAF), recently acquired additional shares in the company. According to a recent SEC filing, Duffey purchased 27 shares of common stock on February 26, 2025, at a price of $37.26 per share, totaling approximately $1,006. The purchase comes as FRAF trades near its 52-week high of $38.41, with the stock showing strong momentum, up 27% year-to-date. InvestingPro analysis suggests the stock is currently trading above its Fair Value. Following this transaction, Duffey holds 23,948 shares directly. This total includes shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. The company, currently valued at $167.56 million, maintains a solid 3.4% dividend yield and has consistently paid dividends for 42 consecutive years. For more detailed insights and additional ProTips on FRAF’s financial health and valuation metrics, visit InvestingPro.
In other recent news, Franklin Financial Services Corp announced the maintenance of its regular cash dividend for the first quarter of 2025 at $0.32 per share, consistent with the previous quarter. Additionally, the company has authorized a new share repurchase program, allowing for the buyback of up to 150,000 shares of common stock, starting January 17, 2025, and continuing through the end of the year. These actions reflect Franklin Financial’s ongoing capital management strategy aimed at delivering shareholder value. In another significant development, Franklin Financial has appointed Craig W. Best as the new President, set to succeed Timothy G. Henry as CEO upon his retirement on April 29, 2025. Best brings extensive experience from his previous roles at Peoples Financial Services Corp and Penseco Financial Services Corporation. His employment agreement includes a substantial salary package, bonuses, and a restricted stock grant, highlighting the company’s commitment to leadership stability. The announcement of Best’s appointment and the terms of his employment were detailed in a recent SEC filing.
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