Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report) Director James Geary II sold 3,150 shares of Burke & Herbert Financial Services stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $73.93, for a total value of $232,879.50. Following the completion of the sale, the director directly owned 9,457 shares in the company, valued at $699,156.01. This represents a 24.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Burke & Herbert Financial Services Stock Down 0.7%
NASDAQ:BHRB opened at $74.12 on Thursday. The stock has a 50-day simple moving average of $68.98 and a 200 day simple moving average of $66.04. Burke & Herbert Financial Services Corp. has a 52-week low of $56.39 and a 52-week high of $75.08. The company has a market cap of $1.49 billion, a PE ratio of 11.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $106.90 million for the quarter, compared to analysts’ expectations of $112.86 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 18.86%. On average, sell-side analysts expect that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current fiscal year.
Burke & Herbert Financial Services Announces Dividend
Analyst Ratings Changes
Several equities research analysts have commented on BHRB shares. 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. Weiss Ratings upgraded Burke & Herbert Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Wall Street Zen downgraded Burke & Herbert Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods upped their target price on Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, DA Davidson set a $75.00 price target on Burke & Herbert Financial Services in a research report on Monday, July 27th. One research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.25.
Check Out Our Latest Research Report on Burke & Herbert Financial Services
Hedge Funds Weigh In On Burke & Herbert Financial Services
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Burke & Herbert Financial Services by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 779,800 shares of the company’s stock worth $48,589,000 after buying an additional 14,358 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Burke & Herbert Financial Services by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock valued at $22,919,000 after buying an additional 49,957 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Burke & Herbert Financial Services by 68.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock valued at $10,235,000 after buying an additional 66,778 shares during the last quarter. Endeavour Capital Advisors Inc. grew its stake in 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 buying an additional 22,601 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Burke & Herbert Financial Services by 18.6% in the 2nd quarter. Marshall Wace LLP now owns 90,664 shares of the company’s stock valued at $5,415,000 after acquiring an additional 14,217 shares during the period.
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.
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