Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report) Director Shawn Mclaughlin purchased 500 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were purchased at an average price of $71.00 per share, with a total value of $35,500.00. Following the completion of the purchase, the director owned 71,500 shares in the company, valued at approximately $5,076,500. This trade represents a 0.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Burke & Herbert Financial Services Stock Performance
Shares of NASDAQ BHRB traded down $0.48 during midday trading on Friday, hitting $70.59. 47,577 shares of the company’s stock traded hands, compared to its average volume of 131,867. The firm has a fifty day moving average of $70.35 and a 200 day moving average of $67.43. Burke & Herbert Financial Services Corp. has a 1 year low of $58.01 and a 1 year high of $75.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.67 and a beta of 0.58.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. The company had revenue of $119.74 million for the quarter, compared to the consensus estimate of $121.32 million. Burke & Herbert Financial Services had a net margin of 18.43% and a return on equity of 14.54%. On average, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.09 earnings per share for the current year.
Burke & Herbert Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 13th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 36.36%.
Institutional Investors Weigh In On Burke & Herbert Financial Services
Hedge funds have recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Burke & Herbert Financial Services by 2,636.4% during the 3rd quarter. Signaturefd LLC now owns 1,505 shares of the company’s stock valued at $103,000 after buying an additional 1,450 shares in the last quarter. NTV Asset Management LLC purchased a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth approximately $465,000. Canton Hathaway LLC bought a new position in shares of Burke & Herbert Financial Services during the 3rd quarter valued at approximately $305,000. State of Alaska Department of Revenue boosted its position in shares of Burke & Herbert Financial Services by 33.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 808 shares of the company’s stock valued at $55,000 after acquiring an additional 202 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at approximately $407,000.
Wall Street Analyst Weigh In
BHRB has been the subject of several recent research reports. Wall Street Zen raised Burke & Herbert Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Keefe, Bruyette & Woods raised their price objective on Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings raised Burke & Herbert Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, DA Davidson set a $75.00 price objective on Burke & Herbert Financial Services in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned 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 $76.67.
View Our Latest Analysis on BHRB
About Burke & Herbert Financial Services
Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company, a community bank headquartered in Alexandria, Virginia. The bank traces its history to 1852 and serves consumers, businesses, nonprofit organizations and government-related entities in the Washington, DC, metropolitan region.
Burke & Herbert Bank provides traditional banking services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and business loans.
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