Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Burke & Herbert Financial Services Corp. $BHRB

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,700 shares of the company’s stock, valued at approximately $878,000.

Several other institutional investors also recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Burke & Herbert Financial Services in the 1st quarter valued at approximately $49,000. CWM LLC increased its stake in Burke & Herbert Financial Services by 732.7% in the second quarter. CWM LLC now owns 841 shares of the company’s stock valued at $50,000 after purchasing an additional 740 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Burke & Herbert Financial Services by 104.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,802 shares of the company’s stock worth $101,000 after purchasing an additional 920 shares during the period. Quantbot Technologies LP boosted its position in shares of Burke & Herbert Financial Services by 360,400.0% during the first quarter. Quantbot Technologies LP now owns 3,605 shares of the company’s stock worth $202,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Burke & Herbert Financial Services in the 1st quarter valued at $221,000.

Insider Activity at Burke & Herbert Financial Services

In related news, Director Shawn Patrick Mclaughlin acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was bought at an average price of $61.00 per share, for a total transaction of $61,000.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.92% of the stock is currently owned by corporate insiders.

Burke & Herbert Financial Services Trading Down 0.4%

NASDAQ:BHRB opened at $64.97 on Thursday. The company has a market cap of $976.50 million, a P/E ratio of 9.23 and a beta of 1.08. Burke & Herbert Financial Services Corp. has a twelve month low of $47.57 and a twelve month high of $71.75. The business has a 50 day moving average price of $61.05 and a two-hundred day moving average price of $60.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Friday, January 26th. The company reported $1.82 EPS for the quarter. Burke & Herbert Financial Services had a net margin of 21.68% and a return on equity of 14.95%. The business had revenue of $32.13 million for the quarter. As a group, analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 3.4%. Burke & Herbert Financial Services’s payout ratio is 31.25%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BHRB. Summit Redstone set a $71.00 price objective on Burke & Herbert Financial Services in a research note on Thursday, October 9th. Zacks Research raised Burke & Herbert Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Monday. Finally, DA Davidson cut Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.50.

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.