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In a recent transaction reported to the Securities and Exchange Commission, Karen K. Carmack, Senior Vice President and Chief Human Resources Officer at Franklin Financial Services Corp (NASDAQ:FRAF), acquired additional shares of the company’s common stock. The transaction, dated May 28, 2025, involved the purchase of one share at a price of $38.60, totaling $38. The purchase comes as FRAF shares have delivered an impressive 53.82% return over the past year, according to InvestingPro data.
Following this transaction, Carmack holds a total of 3,917 shares directly. This figure includes previously reported unvested restricted stock units and shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan. The company, currently valued at $172.22 million, has maintained dividend payments for 42 consecutive years, with a current dividend yield of 3.42%.
Additionally, Carmack maintains various stock options, including incentive stock options with exercise prices ranging from $21.27 to $34.10, and an employee stock purchase plan option at $26.87. These options are set to expire between 2026 and 2028, with underlying shares totaling 7,098. Trading at a P/E ratio of 14.63, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Discover more insights and 12+ additional ProTips by subscribing to InvestingPro.
In other recent news, Franklin Financial Services Corporation reported a notable 16.7% increase in net income for the first quarter of 2025, with earnings reaching $3.9 million or $0.88 per diluted share, compared to $3.4 million or $0.77 per diluted share in the same period last year. The company also announced a quarterly cash dividend of $0.33 per share, representing a 3.1% increase over the previous quarter. Additionally, Franklin Financial disclosed a leadership transition, with Craig W. Best set to become the new CEO following the 2025 Annual Meeting, succeeding Timothy G. Henry. The company also saw a rise in total assets to $2.257 billion and a significant increase in net loans and deposits.
Shareholders recently voted on several key proposals during the annual meeting, including the election of three Class B directors and the approval of executive compensation and an employee stock purchase plan. The selection of Crowe LLP as the independent auditor for 2025 was ratified by a substantial majority. Furthermore, Franklin Financial’s wealth management fees increased to $2.2 million for the first quarter of 2025, compared to $2.0 million in the same period of 2024. These developments reflect the company’s strategic growth and commitment to its shareholders.
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