Burke & Herbert Financial Services (NASDAQ:BHRB) Director Georgette George Sells 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRBGet Free Report) Director Georgette George sold 1,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.67, for a total value of $73,670.00. Following the completion of the transaction, the director owned 38,321 shares of the company’s stock, valued at $2,823,108.07. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB opened at $74.64 on Wednesday. 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 firm’s fifty day simple moving average is $68.77 and its 200-day simple moving average is $65.98. Burke & Herbert Financial Services Corp. has a fifty-two week low of $56.11 and a fifty-two week high of $75.09. The stock has a market cap of $1.50 billion, a PE ratio of 11.96 and a beta of 0.57.

Burke & Herbert Financial Services (NASDAQ:BHRBGet Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. Burke & Herbert Financial Services had a net margin of 18.86% and a return on equity of 15.11%. The company had revenue of $106.90 million during the quarter, compared to analysts’ expectations of $112.86 million. Analysts expect that Burke & Herbert Financial Services Corp. will post 8.19 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 14th. Burke & Herbert Financial Services’s payout ratio is 35.26%.

Analysts Set New Price Targets

A number of brokerages recently commented on BHRB. 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. DA Davidson set a $75.00 price target on shares of Burke & Herbert Financial Services in a report on Monday, July 27th. Keefe, Bruyette & Woods increased their price target 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, July 31st. 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. Finally, Wall Street Zen downgraded Burke & Herbert Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday. One research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.25.

Read Our Latest Research Report on Burke & Herbert Financial Services

Institutional Trading of Burke & Herbert Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 66,778 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Burke & Herbert Financial Services by 235.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock worth $5,088,000 after buying an additional 57,306 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Burke & Herbert Financial Services by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock worth $22,919,000 after buying an additional 49,957 shares in the last quarter. Empowered Funds LLC raised its position in shares of Burke & Herbert Financial Services by 122.0% in the fourth quarter. Empowered Funds LLC now owns 46,053 shares of the company’s stock valued at $2,870,000 after buying an additional 25,306 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Burke & Herbert Financial Services in the first quarter valued at approximately $1,287,000.

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.

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Insider Buying and Selling by Quarter for Burke & Herbert Financial Services (NASDAQ:BHRB)

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