Burke & Herbert Financial Services Corp. (BHRB) to Issue Quarterly Dividend of $0.55 on March 2nd

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.55 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th.

Burke & Herbert Financial Services has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings.

Burke & Herbert Financial Services Stock Up 0.0%

BHRB opened at $69.62 on Wednesday. The company has a market capitalization of $1.05 billion, a PE ratio of 9.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Burke & Herbert Financial Services has a fifty-two week low of $47.57 and a fifty-two week high of $70.51. The business has a 50-day moving average of $65.60 and a 200-day moving average of $62.72.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.07. The firm had revenue of $86.56 million for the quarter, compared to the consensus estimate of $80.72 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 23.89%. Equities research analysts forecast that Burke & Herbert Financial Services will post 8.05 EPS for the current fiscal year.

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.