Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $59,750.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 1,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $59.75 per share, with a total value of $59,750.00. Following the acquisition, the director now directly owns 83,083 shares of the company’s stock, valued at $4,964,209.25. This represents a 1.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 10th, Julian Forrest Jr. Barnwell acquired 1,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $58.80 per share, with a total value of $58,800.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $60.50 per share, with a total value of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $61.75 per share, with a total value of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell acquired 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Up 1.7 %

Shares of BHRB opened at $58.72 on Thursday. The firm has a market cap of $878.92 million and a P/E ratio of 24.47. The stock has a 50 day simple moving average of $61.99 and a two-hundred day simple moving average of $64.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. 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 issued its earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) 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%. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Analysts Set New Price Targets

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

Institutional Trading of Burke & Herbert Financial Services

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock valued at $27,000 after purchasing an additional 387 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Burke & Herbert Financial Services by 227.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock valued at $84,000 after purchasing an additional 936 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Burke & Herbert Financial Services during the third quarter valued at approximately $118,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $156,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $218,000.

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.