Burke & Herbert Financial Services (NASDAQ:BHRB) Director Acquires $64,800.00 in Stock

Key Points

  • Director Shawn Patrick McLaughlin purchased 1,000 shares at $64.80 on April 28 for $64,800, increasing his stake to 68,000 shares (a 1.49% ownership rise).
  • Burke & Herbert declared a $0.55 quarterly dividend payable June 1 (ex-dividend May 15), equal to a $2.20 annualized payout and a 3.4% yield with a ~28.5% payout ratio.
  • The company reported Q EPS of $1.87 (meeting estimates) while revenue of $84.7M slightly missed consensus, and analysts hold a consensus "Hold" rating with a $71.40 average price target.

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Shawn Patrick Mclaughlin purchased 1,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $64.80 per share, with a total value of $64,800.00. Following the completion of the purchase, the director directly owned 68,000 shares in the company, valued at $4,406,400. This trade represents a 1.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Burke & Herbert Financial Services Stock Performance

BHRB opened at $64.76 on Wednesday. The business has a fifty day simple moving average of $63.92 and a 200 day simple moving average of $64.02. The company has a market capitalization of $973.99 million, a PE ratio of 8.40 and a beta of 0.98. Burke & Herbert Financial Services Corp. has a 1 year low of $52.39 and a 1 year high of $70.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.




Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.87. The business had revenue of $84.70 million during the quarter, compared to the consensus estimate of $86.50 million. Burke & Herbert Financial Services had a return on equity of 14.66% and a net margin of 24.04%. Research analysts expect that Burke & Herbert Financial Services Corp. will post 8.15 EPS 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 paid a $0.55 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.20 annualized dividend and a yield of 3.4%. Burke & Herbert Financial Services's payout ratio is 28.53%.

Institutional Trading of Burke & Herbert Financial Services

A number of institutional investors have recently modified their holdings of BHRB. Goldman Sachs Group Inc. lifted its position in shares of Burke & Herbert Financial Services by 68.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company's stock valued at $10,235,000 after acquiring an additional 66,778 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Burke & Herbert Financial Services by 235.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company's stock worth $5,088,000 after buying an additional 57,306 shares in the last quarter. Endeavour Capital Advisors Inc. raised its holdings in shares of Burke & Herbert Financial Services by 65.9% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company's stock worth $6,337,000 after buying an additional 40,809 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Burke & Herbert Financial Services by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 317,991 shares of the company's stock worth $19,814,000 after buying an additional 36,027 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Burke & Herbert Financial Services by 122.0% during the 4th quarter. Empowered Funds LLC now owns 46,053 shares of the company's stock worth $2,870,000 after buying an additional 25,306 shares in the last quarter.

Analysts Set New Price Targets

BHRB has been the subject of a number of recent analyst reports. Loop Capital set a $74.00 target price on Burke & Herbert Financial Services in a research report on Wednesday, February 25th. DA Davidson reiterated a "neutral" rating and set a $70.00 target price on shares of Burke & Herbert Financial Services in a research report on Monday. Freedom Capital downgraded Burke & Herbert Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Zacks Research downgraded Burke & Herbert Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 2nd. Finally, Citigroup downgraded Burke & Herbert Financial Services to a "hold" rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.40.

Read Our Latest Stock Report on BHRB

Burke & Herbert Financial Services Company Profile

(Get Free Report)

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.

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