Burke & Herbert Financial Services (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin Acquires 1,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin bought 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was purchased at an average price of $61.00 per share, with a total value of $61,000.00. Following the completion of the transaction, the director directly owned 67,000 shares of the company’s stock, valued at approximately $4,087,000. The trade was a 1.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Burke & Herbert Financial Services Stock Down 0.2%

Shares of NASDAQ BHRB opened at $61.26 on Wednesday. The company has a 50 day simple moving average of $61.63 and a 200 day simple moving average of $59.24. The firm has a market cap of $920.13 million, a PE ratio of 8.70 and a beta of 1.11. Burke & Herbert Financial Services Corp. has a 1 year low of $47.57 and a 1 year high of $75.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, January 26th. The company reported $1.82 earnings per share (EPS) for the quarter. The business had revenue of $32.13 million during the quarter. Burke & Herbert Financial Services had a net margin of 21.68% and a return on equity of 15.28%. On average, research analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 31.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on BHRB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Burke & Herbert Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. DA Davidson downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Zacks Research upgraded shares of Burke & Herbert Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered shares of Burke & Herbert Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.50.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of hedge funds have recently added to or reduced their stakes in BHRB. Hotchkis & Wiley Capital Management LLC bought a new stake in Burke & Herbert Financial Services in the first quarter worth approximately $5,762,000. Fourthstone LLC increased its stake in shares of Burke & Herbert Financial Services by 430.0% in the 2nd quarter. Fourthstone LLC now owns 113,508 shares of the company’s stock valued at $6,780,000 after acquiring an additional 92,091 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Burke & Herbert Financial Services by 135.6% in the 2nd quarter. American Century Companies Inc. now owns 122,649 shares of the company’s stock valued at $7,326,000 after acquiring an additional 70,582 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter valued at $1,723,000. Finally, Nuveen LLC bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter valued at $1,685,000.

About Burke & Herbert Financial Services

Burke Herbert Financial Services Corp. is a bank holding company, which engages in the provision of banking products and financial services to small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. It operates through the following loan portfolio segments: Commercial Real Estate, Owner-Occupied Commercial Real Estate, Acquisition, Construction, and Development, Commercial and Industrial, Single Family Residential (1-4 Units), and Consumer Non-Real Estate and Other.