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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $62.50 per share, for a total transaction of $125,000.00. Following the purchase, the director now owns 189,939 shares of the company’s stock, valued at approximately $11,871,187.50. This represents a 1.06 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average price of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Down 1.7 %

Shares of Burke & Herbert Financial Services stock opened at $62.37 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm has a market cap of $933.68 million and a P/E ratio of 25.99. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32. The business has a 50-day moving average price of $63.06 and a 200 day moving average price of $64.08.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting 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 forecast that Burke & Herbert Financial Services Corp. will post 8.05 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 Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Burke & Herbert Financial Services by 24.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,512 shares of the company’s stock valued at $1,279,000 after purchasing an additional 4,029 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $218,000. ProShare Advisors LLC bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Burke & Herbert Financial Services by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock valued at $481,000 after purchasing an additional 535 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Burke & Herbert Financial Services by 65.0% during the fourth quarter. Deutsche Bank AG now owns 10,660 shares of the company’s stock valued at $665,000 after purchasing an additional 4,199 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.