Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $194,910.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle bought 3,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $64.97 per share, with a total value of $194,910.00. Following the completion of the transaction, the director now owns 248,459 shares of the company’s stock, valued at $16,142,381.23. The trade was a 1.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Burke & Herbert Financial Services Stock Down 3.3 %

Shares of BHRB opened at $63.17 on Thursday. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $63.92 and a two-hundred day simple moving average of $64.15. The firm has a market cap of $945.65 million and a P/E ratio of 26.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. On average, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.48%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 91.67%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $79.00 to $76.00 in a report on Monday, January 27th. DA Davidson began coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a “buy” rating and a $76.00 price target for the company.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Burke & Herbert Financial Services during the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $156,000. Truist Financial Corp bought a new position in shares of Burke & Herbert Financial Services in the second quarter worth approximately $202,000. The Manufacturers Life Insurance Company purchased a new position in shares of Burke & Herbert Financial Services in the second quarter worth $259,000. Finally, Raymond James Financial Inc. bought a new stake in Burke & Herbert Financial Services during the 4th quarter valued at $274,000.

About Burke & Herbert Financial Services

Burke Herbert Financial Services Corp. is a bank holding company, which engages in the provision of banking products and financial services to small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. It operates through the following loan portfolio segments: Commercial Real Estate, Owner-Occupied Commercial Real Estate, Acquisition, Construction, and Development, Commercial and Industrial, Single Family Residential (1-4 Units), and Consumer Non-Real Estate and Other.