Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle Buys 3,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $64.97 per share, for a total transaction of $194,910.00. Following the completion of the acquisition, the director now directly owns 248,459 shares in the company, valued at $16,142,381.23. The trade was a 1.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ BHRB opened at $64.21 on Tuesday. The firm has a market cap of $961.22 million and a P/E ratio of 26.75. The business’s 50 day moving average is $64.13 and its 200-day moving average is $64.17. 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 1-year low of $46.00 and a 1-year high of $75.32.

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%. Equities research analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 91.67%.

Analyst Ratings Changes

A number of research firms have commented on BHRB. Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $79.00 to $76.00 in a research report on Monday, January 27th. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They set a “buy” rating and a $76.00 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BHRB. Fourthstone LLC raised its stake in Burke & Herbert Financial Services by 29.3% in the third 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. raised its position in shares of Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after buying an additional 71,105 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Burke & Herbert Financial Services by 481.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock valued at $2,025,000 after buying an additional 27,490 shares in the last quarter. State Street Corp boosted 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 worth $17,661,000 after acquiring an additional 26,191 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Burke & Herbert Financial Services by 32.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 68,384 shares of the company’s stock valued at $4,264,000 after acquiring an additional 16,884 shares during the last quarter.

Burke & Herbert Financial Services Company Profile

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.