Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $106,038.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle purchased 1,548 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the completion of the purchase, the director now directly owns 238,355 shares of the company’s stock, valued at approximately $16,327,317.50. This trade represents a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Burke & Herbert Financial Services Stock Up 0.3 %

Burke & Herbert Financial Services stock traded up $0.21 during trading on Tuesday, reaching $67.82. The stock had a trading volume of 33,355 shares, compared to its average volume of 36,769. Burke & Herbert Financial Services Corp. has a 52-week low of $45.69 and a 52-week high of $75.32. The business has a 50 day moving average price of $63.59 and a 200 day moving average price of $58.35. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, November 15th. This is a positive change from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53.

Analyst Upgrades and Downgrades

Several brokerages have commented on BHRB. Keefe, Bruyette & Woods decreased their price target on shares of Burke & Herbert Financial Services from $73.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 29th. DA Davidson started coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a “buy” rating and a $76.00 target price for the company.

Institutional Trading of Burke & Herbert Financial Services

A number of institutional investors have recently bought and sold shares of BHRB. HHM Wealth Advisors LLC acquired a new position in Burke & Herbert Financial Services in the second quarter valued at $29,000. Fortitude Family Office LLC raised its stake in shares of Burke & Herbert Financial Services by 1,666.0% during the second quarter. Fortitude Family Office LLC now owns 936 shares of the company’s stock worth $48,000 after purchasing an additional 883 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter worth $108,000. Quantbot Technologies LP purchased a new stake in Burke & Herbert Financial Services in the 3rd quarter valued at approximately $118,000. Finally, Truist Financial Corp purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter valued at about $202,000.

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.