Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $121,000.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $60.50 per share, with a total value of $121,000.00. Following the acquisition, the director now owns 203,939 shares of the company’s stock, valued at $12,338,309.50. The trade was a 0.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $61.75 per share, with a total value of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell acquired 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Up 0.2 %

BHRB stock opened at $60.29 on Friday. The stock has a market capitalization of $902.42 million and a P/E ratio of 25.12. The firm has a 50-day simple moving average of $62.24 and a 200-day simple moving average of $64.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Equities analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 3.65%. Burke & Herbert Financial Services’s payout ratio is presently 91.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $79.00 to $76.00 in a report on Monday, January 27th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of BHRB. Fourthstone LLC boosted its holdings in Burke & Herbert Financial Services by 29.3% in the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after purchasing an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after purchasing an additional 71,105 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Burke & Herbert Financial Services by 94.4% in the 4th quarter. JPMorgan Chase & Co. now owns 64,526 shares of the company’s stock valued at $4,024,000 after purchasing an additional 31,327 shares during the last quarter. State Street Corp boosted its holdings in Burke & Herbert Financial Services by 9.9% in the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after purchasing an additional 26,191 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Burke & Herbert Financial Services by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock valued at $45,658,000 after purchasing an additional 22,559 shares during the last quarter.

Burke & Herbert Financial Services Company Profile

Burke Herbert Financial Services Corp. is a bank holding company, which engages in the provision of banking products and financial services to small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. It operates through the following loan portfolio segments: Commercial Real Estate, Owner-Occupied Commercial Real Estate, Acquisition, Construction, and Development, Commercial and Industrial, Single Family Residential (1-4 Units), and Consumer Non-Real Estate and Other.