What is DA Davidson’s Forecast for BHRB FY2025 Earnings?

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Burke & Herbert Financial Services in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the company will post earnings of $7.55 per share for the year, down from their prior estimate of $7.65. DA Davidson currently has a “Buy” rating and a $76.00 price target on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods increased their price target on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Burke & Herbert Financial Services Trading Down 0.9 %

Shares of BHRB stock opened at $64.30 on Friday. The stock has a market capitalization of $962.44 million and a price-to-earnings ratio of 8.36. Burke & Herbert Financial Services 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 company’s fifty day simple moving average is $66.97 and its two-hundred day simple moving average is $61.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BHRB. Dimensional Fund Advisors LP purchased a new position in Burke & Herbert Financial Services during the second quarter valued at $18,137,000. Fourthstone LLC increased its stake in Burke & Herbert Financial Services by 29.3% during the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after purchasing an additional 90,151 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Burke & Herbert Financial Services by 190.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after acquiring an additional 71,105 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Burke & Herbert Financial Services in the second quarter worth $3,091,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Burke & Herbert Financial Services during the second quarter valued at $2,827,000.

Insider Buying and Selling at Burke & Herbert Financial Services

In other news, Director Shawn Patrick Mclaughlin bought 555 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $69.35 per share, with a total value of $38,489.25. Following the transaction, the director now owns 61,000 shares of the company’s stock, valued at approximately $4,230,350. The trade was a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julian Forrest Jr. Barnwell acquired 3,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $68.75 per share, with a total value of $206,250.00. Following the acquisition, the director now owns 182,939 shares of the company’s stock, valued at $12,577,056.25. This represents a 1.67 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 8,950 shares of company stock valued at $614,711 in the last 90 days. Insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, November 15th. This is an increase from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. Burke & Herbert Financial Services’s payout ratio is currently 28.61%.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.