Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Receives Consensus Rating of “Hold” from Analysts

Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) have earned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $71.50.

Several brokerages have commented on BHRB. Zacks Research upgraded Burke & Herbert Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Monday. DA Davidson downgraded shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Summit Redstone set a $71.00 price target on shares of Burke & Herbert Financial Services in a report on Thursday, October 9th.

Burke & Herbert Financial Services Price Performance

NASDAQ BHRB opened at $69.20 on Wednesday. Burke & Herbert Financial Services has a fifty-two week low of $47.57 and a fifty-two week high of $70.85. The stock’s 50-day moving average is $62.57 and its two-hundred day moving average is $61.47. The firm has a market cap of $1.04 billion, a P/E ratio of 9.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, January 26th. The company reported $1.82 EPS for the quarter. Burke & Herbert Financial Services had a return on equity of 14.95% and a net margin of 21.68%.The business had revenue of $32.13 million for the quarter. On average, analysts anticipate that Burke & Herbert Financial Services will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 3.2%. Burke & Herbert Financial Services’s dividend payout ratio is presently 31.25%.

Insider Transactions at Burke & Herbert Financial Services

In other Burke & Herbert Financial Services news, Director Shawn Patrick Mclaughlin purchased 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $61.00 per share, with a total value of $61,000.00. Following the transaction, the director directly owned 67,000 shares in the company, valued at approximately $4,087,000. This represents a 1.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new stake in Burke & Herbert Financial Services during the second quarter worth about $591,000. EJF Capital LLC raised its holdings in Burke & Herbert Financial Services by 7.0% in the 1st quarter. EJF Capital LLC now owns 64,368 shares of the company’s stock valued at $3,612,000 after acquiring an additional 4,210 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter worth approximately $221,000. Nuveen LLC acquired a new stake in shares of Burke & Herbert Financial Services during the 1st quarter worth approximately $1,685,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Burke & Herbert Financial Services by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 71,849 shares of the company’s stock valued at $4,031,000 after purchasing an additional 10,117 shares during the period.

Burke & Herbert Financial Services Company Profile

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.