Endeavour Capital Advisors Inc. Grows Position in Burke & Herbert Financial Services Corp. $BHRB

Endeavour Capital Advisors Inc. boosted its holdings in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 65.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,722 shares of the company’s stock after acquiring an additional 40,809 shares during the period. Burke & Herbert Financial Services accounts for approximately 1.9% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. Endeavour Capital Advisors Inc.’s holdings in Burke & Herbert Financial Services were worth $6,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BHRB. State of Alaska Department of Revenue acquired a new position in Burke & Herbert Financial Services during the third quarter worth $37,000. CWM LLC increased its position in Burke & Herbert Financial Services by 732.7% during the second quarter. CWM LLC now owns 841 shares of the company’s stock worth $50,000 after purchasing an additional 740 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Burke & Herbert Financial Services by 22.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,202 shares of the company’s stock worth $132,000 after purchasing an additional 400 shares during the period. First United Bank & Trust raised its position in shares of Burke & Herbert Financial Services by 96.3% during the 3rd quarter. First United Bank & Trust now owns 2,261 shares of the company’s stock valued at $139,000 after buying an additional 1,109 shares during the period. Finally, Strs Ohio purchased a new stake in Burke & Herbert Financial Services in the third quarter valued at $160,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BHRB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Monday, December 29th. Zacks Research raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Burke & Herbert Financial Services Stock Down 2.7%

BHRB opened at $67.66 on Thursday. Burke & Herbert Financial Services Corp. has a one year low of $47.57 and a one year high of $70.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $1.02 billion, a P/E ratio of 8.76 and a beta of 1.02. The business’s 50-day simple moving average is $65.76 and its 200-day simple moving average is $63.09.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.98 earnings per share (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%. Analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.55 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.20 annualized dividend and a yield of 3.3%. Burke & Herbert Financial Services’s dividend payout ratio is 28.50%.

Burke & Herbert Financial Services 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.