Burke & Herbert Financial Services (NASDAQ:BHRB) Director Purchases $64,800.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $64,800.00. Following the acquisition, the director owned 69,000 shares of the company’s stock, valued at approximately $4,471,200. The trade was a 1.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Burke & Herbert Financial Services Price Performance

Shares of BHRB opened at $64.31 on Friday. Burke & Herbert Financial Services Corp. has a twelve month low of $54.45 and a twelve month high of $70.90. The stock’s 50 day moving average is $63.78 and its two-hundred day moving average is $64.01. The firm has a market capitalization of $967.22 million, a PE ratio of 8.34 and a beta of 0.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.87. Burke & Herbert Financial Services had a return on equity of 14.66% and a net margin of 24.04%.The company had revenue of $84.70 million for the quarter, compared to analyst estimates of $86.50 million. Research analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.14 earnings per share for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. Burke & Herbert Financial Services’s payout ratio is 28.53%.

Institutional Trading of Burke & Herbert Financial Services

Several institutional investors have recently made changes to their positions in BHRB. Kestra Advisory Services LLC purchased a new stake in shares of Burke & Herbert Financial Services during the 4th quarter valued at $30,000. State of Alaska Department of Revenue purchased a new stake in Burke & Herbert Financial Services during the 3rd quarter worth $37,000. Aquatic Capital Management LLC purchased a new stake in Burke & Herbert Financial Services during the 3rd quarter worth $117,000. First United Bank & Trust boosted its position in Burke & Herbert Financial Services by 96.3% during the 3rd quarter. First United Bank & Trust now owns 2,261 shares of the company’s stock worth $139,000 after purchasing an additional 1,109 shares during the period. Finally, Strs Ohio purchased a new stake in Burke & Herbert Financial Services during the 3rd quarter worth $160,000.

Wall Street Analysts Forecast Growth

BHRB has been the subject of several research reports. Zacks Research downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Citigroup downgraded Burke & Herbert Financial Services to a “hold” rating in a report on Wednesday, February 25th. Loop Capital set a $74.00 price target on Burke & Herbert Financial Services in a report on Wednesday, February 25th. DA Davidson reiterated a “neutral” rating and issued a $70.00 price target on shares of Burke & Herbert Financial Services in a report on Monday. Finally, Freedom Capital downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.40.

Burke & Herbert Financial Services Company Profile

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.