On October 30, 2024, Director Allan E. Jennings Jr. purchased 1,000 shares of Franklin Financial Services Corp (FRAF, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 29,597 shares in the company.
Franklin Financial Services Corp, the bank holding company for Farmers and Merchants Trust Company of Chambersburg, operates as a commercial bank serving customers in Pennsylvania. The bank offers a range of banking and related financial services to both individual and corporate customers.
Over the past year, the insider has increased his holdings in the company by purchasing a total of 3,000 shares. This latest transaction is part of a broader trend observed within the company, where there have been 19 insider buys and no insider sells over the past year.
Shares of Franklin Financial Services Corp were priced at $29.9 on the day of the transaction. The company currently has a market cap of approximately $143 million. The price-earnings ratio stands at 10.22, positioned below the industry median of 10.5 but above the historical median for the company.
According to the GF Value, which estimates the intrinsic value of a stock based on historical trading multiples, an adjustment factor from past performance, and future business expectations, Franklin Financial Services Corp is currently modestly undervalued with a price-to-GF-Value ratio of 0.83. The GF Value is calculated at $35.98, suggesting potential undervaluation of the stock at its current price.
This insider buying activity could be a signal to investors about the perceived value of the stock at current levels, considering the insider's increasing stake in the company amidst a broader trend of purchases by other insiders as well.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
