Burke & Herbert Financial Services (NASDAQ:BHRB) Upgraded by Freedom Capital to Strong-Buy Rating

Posted by Geri Gentry on May 16th, 2026

Freedom Capital upgraded shares of Burke & Herbert Financial Services (NASDAQ:BHRB – Free Report) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Several other brokerages have also weighed in on BHRB. Citigroup lowered Burke & Herbert Financial Services to a “hold” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Friday, May 8th. Loop Capital set a $74.00 target price on Burke & Herbert Financial Services in a research report on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Burke & Herbert Financial Services in a research report on Monday, April 27th. Finally, Zacks Research lowered Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Burke & Herbert Financial Services has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Get Our Latest Stock Analysis on Burke & Herbert Financial Services

Burke & Herbert Financial Services Trading Down 1.4%

Shares of BHRB opened at $61.47 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.24 billion, a P/E ratio of 7.97 and a beta of 0.74. The stock’s fifty day simple moving average is $63.22 and its 200 day simple moving average is $64.20. Burke & Herbert Financial Services has a twelve month low of $54.45 and a twelve month high of $70.90.

Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share for the quarter, hitting the consensus estimate of $1.87. The business had revenue of $84.70 million for the quarter, compared to analyst estimates 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, equities research analysts forecast that Burke & Herbert Financial Services will post 8.33 earnings per share for the current year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.20 annualized dividend and a yield of 3.6%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 28.53%.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Shawn Patrick Mclaughlin acquired 1,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $64.80 per share, with a total value of $64,800.00. Following the completion of the transaction, the director directly owned 69,000 shares of the company’s stock, valued at $4,471,200. This trade represents a 1.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose David Riojas acquired 1,000 shares of the business’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 transaction, the director directly owned 20,000 shares of the company’s stock, valued at $1,240,000. This trade represents a 5.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 7,300 shares of company stock valued at $460,650 over the last three months. 10.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BHRB. Goldman Sachs Group Inc. raised its position in Burke & Herbert Financial Services by 68.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock valued at $10,235,000 after purchasing an additional 66,778 shares during the period. Bridgeway Capital Management LLC raised its position in Burke & Herbert Financial Services by 235.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock valued at $5,088,000 after purchasing an additional 57,306 shares during the period. Dimensional Fund Advisors LP raised its position in Burke & Herbert Financial Services by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock valued at $22,919,000 after purchasing an additional 49,957 shares during the period. Endeavour Capital Advisors Inc. raised its position in Burke & Herbert Financial Services by 65.9% in the third quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company’s stock valued at $6,337,000 after purchasing an additional 40,809 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Burke & Herbert Financial Services by 122.0% during the fourth quarter. Empowered Funds LLC now owns 46,053 shares of the company’s stock valued at $2,870,000 after acquiring an additional 25,306 shares in the last quarter.

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.