Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.53 per share on Tuesday, September 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, August 15th.
Burke & Herbert Financial Services has raised its dividend by an average of 2.0% per year over the last three years.
Burke & Herbert Financial Services Stock Performance
NASDAQ BHRB opened at $68.72 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $51.53 and a 200-day moving average price of $53.69. Burke & Herbert Financial Services has a twelve month low of $42.91 and a twelve month high of $69.22.
Insider Buying and Selling
In other news, Director Jose David Riojas bought 1,397 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $47.49 per share, for a total transaction of $66,343.53. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at $759,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Julian Forrest Jr. Barnwell bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $48.49 per share, for a total transaction of $48,490.00. Following the completion of the transaction, the director now owns 90,221 shares of the company’s stock, valued at $4,374,816.29. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jose David Riojas bought 1,397 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $47.49 per share, for a total transaction of $66,343.53. Following the completion of the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $759,840. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,730 shares of company stock worth $431,321. Corporate insiders own 9.65% of the company’s stock.
Burke & Herbert Financial Services Company Profile
Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.
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