Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Shares Will Pay Quarterly Dividend of $0.55

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.55 per share on Tuesday, December 1st. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 13th.

Burke & Herbert Financial Services has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Burke & Herbert Financial Services to earn $8.78 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 25.1%.

Burke & Herbert Financial Services Trading Up 3.3%

Shares of NASDAQ:BHRB opened at $71.73 on Friday. The firm has a fifty day moving average of $70.52 and a two-hundred day moving average of $68.40. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. Burke & Herbert Financial Services has a 12-month low of $58.01 and a 12-month high of $75.08. The firm has a market capitalization of $1.45 billion, a P/E ratio of 8.85 and a beta of 0.58.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.09. Burke & Herbert Financial Services had a net margin of 18.86% and a return on equity of 13.66%. The business had revenue of $119.74 million for the quarter, compared to the consensus estimate of $121.32 million. On average, equities analysts expect that Burke & Herbert Financial Services will post 8.09 EPS for the current fiscal year.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company, a community bank headquartered in Alexandria, Virginia. The bank traces its history to 1852 and serves consumers, businesses, nonprofit organizations and government-related entities in the Washington, DC, metropolitan region.

Burke & Herbert Bank provides traditional banking services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and business loans.