Burke & Herbert Financial Services (NASDAQ:BHRB) Director Diane Poillon Purchases 1,200 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Diane Poillon acquired 1,200 shares of Burke & Herbert Financial Services stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $73.67 per share, with a total value of $88,404.00. Following the completion of the transaction, the director directly owned 4,128 shares of the company’s stock, valued at $304,109.76. This trade represents a 40.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Burke & Herbert Financial Services Stock Down 0.9%

NASDAQ:BHRB opened at $73.20 on Friday. The stock has a 50-day simple moving average of $70.20 and a 200 day simple moving average of $66.40. Burke & Herbert Financial Services Corp. has a 52-week low of $57.42 and a 52-week high of $75.08. The company has a market cap of $1.48 billion, a PE ratio of 11.73 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its earnings results on Thursday, July 23rd. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 18.86%.The firm had revenue of $106.89 million for the quarter, compared to analysts’ expectations of $112.86 million. On average, sell-side analysts expect that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th. Burke & Herbert Financial Services’s payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BHRB. Keefe, Bruyette & Woods increased their target price on shares of Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Burke & Herbert Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings raised shares of Burke & Herbert Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Freedom Capital upgraded shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, DA Davidson set a $75.00 price objective on Burke & Herbert Financial Services in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.25.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of Burke & Herbert Financial Services in the fourth quarter valued at $30,000. Aquatic Capital Management LLC acquired a new position in Burke & Herbert Financial Services during the third quarter worth $117,000. Stonebridge Financial Group LLC acquired a new position in Burke & Herbert Financial Services during the second quarter worth $203,000. Tower Research Capital LLC TRC raised its position in Burke & Herbert Financial Services by 585.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company’s stock worth $203,000 after acquiring an additional 2,898 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in Burke & Herbert Financial Services during the second quarter worth $204,000.

About Burke & Herbert Financial Services

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.