Franklin financial SVP buys shares valued at $35

Karen K. Carmack, the Senior Vice President and Chief HR Officer of Franklin Financial Services Corp (NASDAQ:FRAF), recently purchased shares of the company. According to a recent SEC filing, Carmack acquired 1 share of common stock at a price of $35.75, totaling $35. This transaction increases her total holdings to 3,890 shares. The $157 million market cap company has demonstrated strong financial performance, with shares up nearly 20% year-to-date. InvestingPro analysis indicates the stock is trading slightly above its Fair Value, with a P/E ratio of 14.12 and an attractive dividend yield of 3.61%.

The filing also detailed several derivative holdings, including rights to buy common stock through various incentive stock options and an employee stock purchase plan. However, no new derivative transactions were reported in this filing. According to InvestingPro data, Franklin Financial Services has maintained dividend payments for 42 consecutive years, highlighting its commitment to shareholder returns. Subscribers can access additional insights and 12+ more exclusive ProTips about FRAF’s financial health and growth prospects.

In other recent news, Franklin Financial Services Corp announced a regular cash dividend for the first quarter of 2025, maintaining the payout at $0.32 per share, consistent with the previous quarter. Additionally, the company has initiated a share repurchase program, authorizing the buyback of up to 150,000 shares of common stock. This move is part of Franklin Financial’s capital management strategy, reflecting its commitment to shareholder value and confidence in financial stability. In another development, Franklin Financial appointed Craig W. Best as the new President, set to take over as CEO after Timothy G. Henry’s retirement on April 29, 2025. Best brings extensive experience from his previous roles, including CEO positions at Peoples Financial Services Corp. His employment agreement includes a base salary of $414,986, increasing to $523,198 by April 2025, along with bonuses, benefits, and a restricted stock grant. The leadership transition was detailed in a recent SEC filing, outlining Best’s responsibilities and compensation package. These developments indicate Franklin Financial’s strategic focus on leadership continuity and shareholder returns.

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