James Mason Burke Sells 1,500 Shares of Burke & Herbert Financial Services (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director James Mason Burke sold 1,500 shares of Burke & Herbert Financial Services stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $73.03, for a total value of $109,545.00. Following the completion of the transaction, the director owned 258,480 shares of the company’s stock, valued at approximately $18,876,794.40. The trade was a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Burke & Herbert Financial Services Price Performance

Burke & Herbert Financial Services stock opened at $73.20 on Friday. The business’s fifty day moving average is $70.20 and its two-hundred day moving average is $66.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $1.48 billion, a P/E ratio of 11.73 and a beta of 0.57. Burke & Herbert Financial Services Corp. has a 52 week low of $57.42 and a 52 week high of $75.08.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Thursday, July 23rd. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $106.89 million during the quarter, compared to analyst estimates of $112.86 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 18.86%. Equities research analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. Burke & Herbert Financial Services’s payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

BHRB has been the topic of several research analyst reports. Weiss Ratings raised shares of Burke & Herbert Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. DA Davidson set a $75.00 price objective on Burke & Herbert Financial Services in a report on Monday, July 27th. Wall Street Zen upgraded Burke & Herbert Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Freedom Capital raised Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.25.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of BHRB. BlackRock Inc. bought a new position in Burke & Herbert Financial Services in the second quarter valued at approximately $87,556,000. Vanguard Group Inc. lifted its stake in shares of Burke & Herbert Financial Services by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 779,800 shares of the company’s stock valued at $48,589,000 after purchasing an additional 14,358 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Burke & Herbert Financial Services by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock worth $22,919,000 after purchasing an additional 49,957 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Burke & Herbert Financial Services by 68.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock worth $10,235,000 after purchasing an additional 66,778 shares during the period. Finally, Endeavour Capital Advisors Inc. grew its stake in shares of Burke & Herbert Financial Services by 22.0% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 125,323 shares of the company’s stock worth $7,809,000 after purchasing an additional 22,601 shares during the period.

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.