Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) to Issue Quarterly Dividend of $0.53

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.53 per share on Tuesday, September 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, August 15th.

Burke & Herbert Financial Services has raised its dividend by an average of 2.0% annually over the last three years.

Burke & Herbert Financial Services Stock Performance

Shares of BHRB stock traded up $4.66 during mid-day trading on Friday, hitting $68.72. The company’s stock had a trading volume of 42,008 shares, compared to its average volume of 48,434. The company’s fifty day simple moving average is $51.53 and its 200-day simple moving average is $53.69. Burke & Herbert Financial Services has a 52 week low of $42.91 and a 52 week high of $69.22. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 0.72.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.69 earnings per share for the quarter. Burke & Herbert Financial Services had a return on equity of 6.82% and a net margin of 12.04%. The firm had revenue of $26.39 million during the quarter.

Insider Transactions at Burke & Herbert Financial Services

In other news, Director Gary L. Hinkle bought 613 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $49.65 per share, with a total value of $30,435.45. Following the transaction, the director now directly owns 216,071 shares of the company’s stock, valued at approximately $10,727,925.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary L. Hinkle purchased 600 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of $50.23 per share, for a total transaction of $30,138.00. Following the purchase, the director now owns 219,450 shares of the company’s stock, valued at $11,022,973.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary L. Hinkle purchased 613 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $49.65 per share, with a total value of $30,435.45. Following the purchase, the director now directly owns 216,071 shares in the company, valued at approximately $10,727,925.15. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,730 shares of company stock valued at $431,321. Corporate insiders own 9.65% of the company’s stock.

About Burke & Herbert Financial Services

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.