Franklin Financial Services Corp said on Wednesday that Chief Financial Officer Gregory A. Duffey bought 16 common shares at $62.08 each, totaling $993, according to a regulatory filing.
Duffey’s direct ownership now stands at 24,028 shares, including 101 shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan and previously reported unvested restricted stock units. The transaction occurred as Franklin Financial’s stock traded near its 52-week high.
The company’s shares have delivered a trailing one-year return of 37%, while its price-to-earnings ratio stands at 11.29. An analysis by InvestingPro indicates the stock is currently trading above its calculated fair value. Franklin Financial has maintained dividend payments for 43 consecutive years.
