Burke & Herbert Financial Services Corp. (BHRB) to Issue Quarterly Dividend of $0.55 on June 1st

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 15th will be paid a dividend of 0.55 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, May 15th.

Burke & Herbert Financial Services has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Burke & Herbert Financial Services to earn $8.75 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 Stock Down 1.2%

Shares of Burke & Herbert Financial Services stock opened at $62.33 on Wednesday. The company has a fifty day moving average price of $63.44 and a 200 day moving average price of $64.21. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. Burke & Herbert Financial Services has a twelve month low of $54.45 and a twelve month high of $70.90. The stock has a market cap of $938.07 million, a price-to-earnings ratio of 8.08 and a beta of 0.74.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.87. Burke & Herbert Financial Services had a net margin of 24.04% and a return on equity of 14.46%. The firm had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $86.50 million. Equities research analysts forecast that Burke & Herbert Financial Services will post 8.33 earnings per share 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.