Julian Forrest Jr. Barnwell Purchases 5,000 Shares of Burke & Herbert Financial Services (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $63.05 per share, for a total transaction of $315,250.00. Following the completion of the transaction, the director owned 208,939 shares in the company, valued at approximately $13,173,603.95. This trade represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Burke & Herbert Financial Services Stock Performance

Burke & Herbert Financial Services stock opened at $62.04 on Thursday. 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 Corp. has a 1 year low of $54.45 and a 1 year high of $70.90. The company has a market cap of $933.70 million, a PE ratio of 8.05 and a beta of 0.74. The company’s 50-day moving average is $63.37 and its two-hundred day moving average is $64.22.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its 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. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $86.50 million. Burke & Herbert Financial Services had a net margin of 24.04% and a return on equity of 14.46%. Equities analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.33 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 15th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 28.53%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a research report on Friday, May 8th. Loop Capital set a $74.00 price target on shares of Burke & Herbert Financial Services in a research report on Wednesday, February 25th. DA Davidson reiterated a “neutral” rating and issued a $70.00 price target on shares of Burke & Herbert Financial Services in a research report on Monday, April 27th. Citigroup downgraded shares of Burke & Herbert Financial Services to a “hold” rating in a research report on Wednesday, February 25th. Finally, Zacks Research downgraded shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.40.

Institutional Trading of Burke & Herbert Financial Services

Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP raised its holdings in Burke & Herbert Financial Services by 8.1% during the 2nd quarter. Quantbot Technologies LP now owns 3,897 shares of the company’s stock worth $233,000 after buying an additional 292 shares during the period. Rhumbline Advisers raised its holdings in Burke & Herbert Financial Services by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 17,961 shares of the company’s stock worth $1,073,000 after buying an additional 298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Burke & Herbert Financial Services by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,030 shares of the company’s stock worth $451,000 after buying an additional 319 shares during the period. EJF Capital LLC raised its holdings in Burke & Herbert Financial Services by 0.9% during the 3rd quarter. EJF Capital LLC now owns 49,850 shares of the company’s stock worth $3,075,000 after buying an additional 448 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Burke & Herbert Financial Services during the 4th quarter worth approximately $30,000.

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.