Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report) Director Jill Upson sold 1,112 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $63.30, for a total value of $70,389.60. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $126,600. This trade represents a 35.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Burke & Herbert Financial Services Stock Up 0.4%
Shares of NASDAQ BHRB traded up $0.25 during trading hours on Thursday, hitting $63.45. The company had a trading volume of 35,329 shares, compared to its average volume of 105,743. The stock has a market capitalization of $1.28 billion, a P/E ratio of 8.23 and a beta of 0.74. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. Burke & Herbert Financial Services Corp. has a 1-year low of $54.45 and a 1-year high of $70.90. The firm’s 50 day moving average is $63.16 and its 200-day moving average is $64.27.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.87. The business had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $86.50 million. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%. On average, analysts expect that Burke & Herbert Financial Services Corp. will post 8.33 earnings per share for the current fiscal year.
Burke & Herbert Financial Services Announces Dividend
Wall Street Analyst Weigh In
BHRB has been the subject of a number of research analyst reports. Loop Capital set a $74.00 target price on Burke & Herbert Financial Services in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Friday, May 8th. Freedom Capital raised Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Citigroup lowered Burke & Herbert Financial Services to a “hold” rating in a research note on Wednesday, February 25th. Finally, DA Davidson reiterated a “neutral” rating and set a $70.00 price objective on shares of Burke & Herbert Financial Services in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Burke & Herbert Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.
Get Our Latest Analysis on Burke & Herbert Financial Services
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BHRB. Kestra Advisory Services LLC purchased a new stake in Burke & Herbert Financial Services during the fourth quarter valued at $30,000. State of Alaska Department of Revenue purchased a new stake in Burke & Herbert Financial Services during the third quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of Burke & Herbert Financial Services in the third quarter worth approximately $117,000. Strs Ohio purchased a new stake in shares of Burke & Herbert Financial Services in the third quarter worth approximately $160,000. Finally, Graves Light Lenhart Wealth Inc. bought a new position in Burke & Herbert Financial Services in the fourth quarter worth approximately $201,000.
Burke & Herbert Financial Services Company Profile
Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.
The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.
Featured Stories
- Five stocks we like better than Burke & Herbert Financial Services
- 2 Software Stocks Turning AI Fears Into Fundamental Gains
- The Token Takeover: SEC Triggers Market Quake
- Target Shows Strengths, But Analysts Want to See More
- NVIDIA Price Pullback? Don’t Count on It, Business Is Accelerating
Receive News & Ratings for Burke & Herbert Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burke & Herbert Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.
