Burke & Herbert Financial Services (NASDAQ:BHRB) Downgraded to Sell Rating by Wall Street Zen

Posted by Brian Himes on Aug 2nd, 2026

Wall Street Zen downgraded shares of Burke & Herbert Financial Services (NASDAQ:BHRB – Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other equities research analysts have also issued reports on the company. DA Davidson set a $75.00 target price on Burke & Herbert Financial Services in a research note on Monday, July 27th. Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Burke & Herbert Financial Services from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings raised shares of Burke & Herbert Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Burke & Herbert Financial Services has a consensus rating of “Moderate Buy” and an average price target of $75.25.

Check Out Our Latest Report on Burke & Herbert Financial Services

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB opened at $73.25 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $68.32 and a two-hundred day moving average price of $65.81. Burke & Herbert Financial Services has a twelve month low of $56.11 and a twelve month high of $74.32. The company has a market capitalization of $1.48 billion, a P/E ratio of 11.74 and a beta of 0.58.

Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $112.86 million. Burke & Herbert Financial Services had a net margin of 18.86% and a return on equity of 15.11%. As a group, research analysts expect that Burke & Herbert Financial Services will post 8.19 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 35.26%.

Insider Buying and Selling at Burke & Herbert Financial Services

In other news, Director Jose David Riojas purchased 1,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $62.00 per share, for a total transaction of $62,000.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company’s stock, valued at $1,240,000. The trade was a 5.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julian Forrest Jr. Barnwell bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $62.76 per share, with a total value of $313,800.00. Following the transaction, the director owned 26,580 shares in the company, valued at approximately $1,668,160.80. This represents a 23.17% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 11,300 shares of company stock valued at $709,650. Company insiders own 11.99% of the company’s stock.

Institutional Trading of Burke & Herbert Financial Services

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth $30,000. Aquatic Capital Management LLC acquired a new stake in Burke & Herbert Financial Services during the 3rd quarter valued at $117,000. Stonebridge Financial Group LLC purchased a new stake in Burke & Herbert Financial Services during the 2nd quarter worth $203,000. Tower Research Capital LLC TRC increased its stake in Burke & Herbert Financial Services by 585.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company’s stock worth $203,000 after buying an additional 2,898 shares during the period. Finally, Sei Investments Co. acquired a new position in Burke & Herbert Financial Services in the 2nd quarter worth $204,000.

About Burke & Herbert Financial Services

(Get Free Report)

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.