Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Purchases 2,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $60.50 per share, with a total value of $121,000.00. Following the acquisition, the director now owns 203,939 shares of the company’s stock, valued at approximately $12,338,309.50. This represents a 0.99 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $61.75 per share, with a total value of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Trading Up 0.2 %

Shares of Burke & Herbert Financial Services stock opened at $60.29 on Friday. The stock has a fifty day simple moving average of $62.24 and a 200 day simple moving average of $64.15. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a 12-month low of $46.00 and a 12-month high of $75.32. The company has a market capitalization of $902.42 million and a P/E ratio of 25.12.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.55 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.65%. Burke & Herbert Financial Services’s dividend payout ratio is currently 91.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Burke & Herbert Financial Services by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock worth $45,658,000 after purchasing an additional 22,559 shares during the last quarter. Fourthstone LLC lifted its position in shares of Burke & Herbert Financial Services by 14.3% during the 4th quarter. Fourthstone LLC now owns 454,526 shares of the company’s stock valued at $28,344,000 after buying an additional 56,928 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Burke & Herbert Financial Services by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after buying an additional 15,092 shares during the last quarter. State Street Corp lifted its position in shares of Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after buying an additional 26,191 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Burke & Herbert Financial Services by 5.1% during the 4th quarter. Northern Trust Corp now owns 130,117 shares of the company’s stock valued at $8,114,000 after buying an additional 6,313 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $79.00 to $76.00 in a report on Monday, January 27th.

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.