Insider Buying: The Franklin Financial Services Corporation (NASDAQ:FRAF) Independent Director Just Bought US$250k Worth Of Shares

Potential Franklin Financial Services Corporation (NASDAQ:FRAF) shareholders may wish to note that the Independent Director, Donald Mowery, recently bought US$250k worth of stock, paying US$22.77 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 26%.

Check out our latest analysis for Franklin Financial Services

Franklin Financial Services Insider Transactions Over The Last Year

In fact, the recent purchase by Donald Mowery was the biggest purchase of Franklin Financial Services shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$27.17. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Franklin Financial Services insiders decided to buy shares at close to current prices.

In the last twelve months Franklin Financial Services insiders were buying shares, but not selling. The average buy price was around US$26.93. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Franklin Financial Services

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.4% of Franklin Financial Services shares, worth about US$5.2m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Franklin Financial Services Insider Transactions Indicate?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Franklin Financial Services insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 3 warning signs for Franklin Financial Services you should be aware of, and 1 of these makes us a bit uncomfortable.

Of course Franklin Financial Services may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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