Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Receives $72.40 Average PT from Analysts

Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $72.40.

Several brokerages recently weighed in on BHRB. Citigroup lowered shares of Burke & Herbert Financial Services to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research note on Monday, December 29th. Freedom Capital downgraded shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, Loop Capital set a $74.00 price objective on shares of Burke & Herbert Financial Services in a research note on Wednesday, February 25th.

Institutional Trading of Burke & Herbert Financial Services

Several large investors have recently made changes to their positions in BHRB. Fourthstone LLC grew its holdings in Burke & Herbert Financial Services by 430.0% during the second quarter. Fourthstone LLC now owns 113,508 shares of the company’s stock valued at $6,780,000 after purchasing an additional 92,091 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Burke & Herbert Financial Services by 135.6% in the second quarter. American Century Companies Inc. now owns 122,649 shares of the company’s stock worth $7,326,000 after buying an additional 70,582 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Burke & Herbert Financial Services by 68.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock worth $10,235,000 after buying an additional 66,778 shares during the period. Bridgeway Capital Management LLC raised its holdings in Burke & Herbert Financial Services by 235.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock worth $5,088,000 after acquiring an additional 57,306 shares during the period. Finally, Endeavour Capital Advisors Inc. raised its holdings in Burke & Herbert Financial Services by 65.9% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company’s stock worth $6,337,000 after acquiring an additional 40,809 shares during the period.

Burke & Herbert Financial Services Price Performance

BHRB opened at $63.44 on Monday. The stock has a fifty day moving average price of $65.48 and a 200 day moving average price of $63.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. Burke & Herbert Financial Services has a 1 year low of $47.57 and a 1 year high of $70.90. The stock has a market cap of $954.07 million, a price-to-earnings ratio of 8.22 and a beta of 1.02.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Thursday, January 22nd. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.07. The company had revenue of $86.56 million for the quarter, compared to analyst estimates of $80.72 million. Burke & Herbert Financial Services had a return on equity of 14.79% and a net margin of 23.89%. Analysts forecast that Burke & Herbert Financial Services will post 8.05 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, February 13th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 28.50%.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.