Burke & Herbert Financial Services (NASDAQ:BHRB) Reaches New 52-Week High on Analyst Upgrade

Posted by George Bondi on Aug 3rd, 2026

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report) shares hit a new 52-week high during trading on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $80.00 to $81.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Burke & Herbert Financial Services traded as high as $74.78 and last traded at $74.5190, with a volume of 34703 shares. The stock had previously closed at $73.25.

A number of other analysts also recently commented on the stock. DA Davidson set a $75.00 price target on shares of Burke & Herbert Financial Services in a research report on Monday, July 27th. Weiss Ratings raised Burke & Herbert Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Finally, Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.25.

Get Our Latest Report on BHRB

Insider Buying and Selling at Burke & Herbert Financial Services

In other news, Director Jose David Riojas acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $62.00 per share, for a total transaction of $62,000.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $1,240,000. The trade was a 5.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jill S. Upson sold 1,112 shares of Burke & Herbert Financial Services stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $63.30, for a total transaction of $70,389.60. Following the sale, the director owned 2,000 shares in the company, valued at $126,600. This represents a 35.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 11,300 shares of company stock valued at $709,650 in the last quarter. Corporate insiders own 11.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. boosted its stake in shares of Burke & Herbert Financial Services by 22.0% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 125,323 shares of the company’s stock valued at $7,809,000 after purchasing an additional 22,601 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Burke & Herbert Financial Services during the 1st quarter worth about $1,038,000. Vanguard Group Inc. lifted its holdings in Burke & Herbert Financial Services by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 779,800 shares of the company’s stock valued at $48,589,000 after purchasing an additional 14,358 shares during the last quarter. Hsbc Holdings PLC bought a new position in Burke & Herbert Financial Services during the 4th quarter valued at about $627,000. Finally, Empowered Funds LLC boosted its position in Burke & Herbert Financial Services by 46.1% in the first quarter. Empowered Funds LLC now owns 67,280 shares of the company’s stock valued at $4,191,000 after buying an additional 21,227 shares in the last quarter.

Burke & Herbert Financial Services Trading Up 1.1%

The company’s fifty day moving average price is $68.32 and its two-hundred day moving average price is $65.83. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 11.87 and a beta of 0.58.

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

Burke & Herbert Financial Services Dividend Announcement

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

Burke & Herbert Financial Services Company Profile

(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.