Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $71.40.

BHRB has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Burke & Herbert Financial Services in a research note on Monday, April 27th. Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised shares of Burke & Herbert Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ BHRB opened at $70.15 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.10 and a beta of 0.58. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $65.08 and its two-hundred day simple moving average is $64.86. Burke & Herbert Financial Services has a twelve month low of $56.11 and a twelve month high of $73.69.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.87. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%.The firm had revenue of $84.70 million during the quarter, compared to the consensus estimate of $86.50 million. As a group, equities analysts anticipate that Burke & Herbert Financial Services will post 8.33 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $0.55 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.20 annualized dividend and a yield of 3.1%. Burke & Herbert Financial Services’s payout ratio is 28.53%.

Insider Transactions at Burke & Herbert Financial Services

In other news, Director Julian Forrest Jr. Barnwell acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $63.05 per share, for a total transaction of $315,250.00. Following the acquisition, the director owned 208,939 shares of the company’s stock, valued at $13,173,603.95. This trade represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jill S. Upson sold 1,112 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $63.30, for a total value of $70,389.60. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $126,600. The trade was a 35.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired 12,300 shares of company stock worth $774,450 in the last three months. Insiders own 11.99% of the company’s stock.

Institutional Trading of Burke & Herbert Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Burke & Herbert Financial Services during the fourth quarter valued at approximately $30,000. Aquatic Capital Management LLC purchased a new stake in shares of Burke & Herbert Financial Services in the 3rd quarter valued at $117,000. Graves Light Lenhart Wealth Inc. purchased a new stake in shares of Burke & Herbert Financial Services in the 4th quarter valued at $201,000. Tower Research Capital LLC TRC grew its holdings in shares of Burke & Herbert Financial Services by 585.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company’s stock valued at $203,000 after purchasing an additional 2,898 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at $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.