Key Points
- Director Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services at $63.05 each, a purchase worth about $315,250. His holdings increased by 2.45% to 208,939 shares.
- The stock was down 1.2% and recently traded around $62.33, with a market cap of about $938 million and a low beta of 0.74. The shares also sit near their 50-day and 200-day moving averages.
- The company reported Q1 earnings of $1.87 per share, matching estimates, and announced a quarterly dividend of $0.55 per share. Analysts currently have a consensus Hold rating with an average price target of $71.40.
Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell bought 5,000 shares of the firm's stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $63.05 per share, with a total value of $315,250.00. Following the completion of the purchase, the director owned 208,939 shares of the company's stock, valued at approximately $13,173,603.95. This trade represents a 2.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Burke & Herbert Financial Services Stock Down 1.2%
NASDAQ:BHRB opened at $62.33 on Wednesday. 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 current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $938.07 million, a price-to-earnings ratio of 8.08 and a beta of 0.74. The stock has a 50-day moving average price of $63.44 and a two-hundred day moving average price of $64.21.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $1.87 earnings per share for the quarter, hitting the consensus estimate of $1.87. The company had revenue of $84.70 million during the quarter, compared to analysts' expectations of $86.50 million. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 15th. Burke & Herbert Financial Services's dividend payout ratio is currently 28.53%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on BHRB. DA Davidson reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Burke & Herbert Financial Services in a research report on Monday, April 27th. Freedom Capital cut Burke & Herbert Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Citigroup cut Burke & Herbert Financial Services to a "hold" rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Burke & Herbert Financial Services in a research report on Friday. Finally, Loop Capital set a $74.00 price objective on Burke & Herbert Financial Services in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Burke & Herbert Financial Services currently has a consensus rating of "Hold" and an average price target of $71.40.
Read Our Latest Report on Burke & Herbert Financial Services
Institutional Trading of Burke & Herbert Financial Services
Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP lifted 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 purchasing an additional 292 shares during the last quarter. Rhumbline Advisers lifted 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 purchasing an additional 298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 319 shares during the last quarter. EJF Capital LLC lifted 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 purchasing an additional 448 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Burke & Herbert Financial Services during the 4th quarter worth approximately $30,000.
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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