Burke & Herbert Financial Services (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Buys 5,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $62.76 per share, for a total transaction of $313,800.00. Following the completion of the transaction, the director directly owned 26,580 shares in the company, valued at $1,668,160.80. This represents a 23.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, May 11th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $63.05 per share, for a total transaction of $315,250.00.

Burke & Herbert Financial Services Trading Up 1.4%

Shares of NASDAQ:BHRB opened at $64.49 on Friday. The business’s 50-day moving average is $63.51 and its 200 day moving average is $64.46. Burke & Herbert Financial Services Corp. has a 1 year low of $55.40 and a 1 year high of $70.90. The firm has a market capitalization of $1.30 billion, a P/E ratio of 8.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.87. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%.The company had revenue of $84.70 million for the quarter, compared to analyst estimates of $86.50 million. On average, research analysts predict that Burke & Herbert Financial Services Corp. will post 8.33 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Burke & Herbert Financial Services’s dividend payout ratio is currently 28.53%.

Institutional Trading of Burke & Herbert Financial Services

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Burke & Herbert Financial Services during the 4th quarter valued at about $30,000. Aquatic Capital Management LLC purchased a new stake in shares of Burke & Herbert Financial Services in the third quarter worth about $117,000. Graves Light Lenhart Wealth Inc. purchased a new stake in shares of Burke & Herbert Financial Services in the fourth quarter worth about $201,000. Tower Research Capital LLC TRC boosted its stake in shares of Burke & Herbert Financial Services by 585.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company’s stock worth $203,000 after buying an additional 2,898 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter worth about $204,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Friday, May 8th. Zacks Research downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Citigroup downgraded Burke & Herbert Financial Services to a “hold” rating in a research note on Wednesday, February 25th. Freedom Capital upgraded Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $70.00 price target on shares of Burke & Herbert Financial Services in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Burke & Herbert Financial Services has an average rating of “Moderate Buy” and a consensus target price of $71.40.

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.