Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Acquires 3,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $68.75 per share, with a total value of $206,250.00. Following the completion of the transaction, the director now directly owns 182,939 shares of the company’s stock, valued at $12,577,056.25. This trade represents a 1.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Burke & Herbert Financial Services Trading Down 0.5 %

Shares of NASDAQ:BHRB opened at $69.16 on Friday. The stock has a market capitalization of $1.04 billion and a PE ratio of 8.99. The company’s 50-day moving average price is $65.98 and its two-hundred day moving average price is $60.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. Burke & Herbert Financial Services Corp. has a one year low of $46.00 and a one year high of $75.32.

Burke & Herbert Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.55 per share. This is a positive change from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.20 annualized dividend and a dividend yield of 3.18%. Burke & Herbert Financial Services’s payout ratio is 28.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. DA Davidson assumed coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They issued a “buy” rating and a $76.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Institutional Trading of Burke & Herbert Financial Services

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in shares of Burke & Herbert Financial Services during the 2nd quarter worth approximately $3,091,000. Rhumbline Advisers increased its holdings in shares of Burke & Herbert Financial Services by 126.9% in the second quarter. Rhumbline Advisers now owns 18,973 shares of the company’s stock valued at $967,000 after purchasing an additional 10,613 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Burke & Herbert Financial Services in the second quarter valued at about $1,167,000. Bank of New York Mellon Corp lifted its stake in shares of Burke & Herbert Financial Services by 96.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,204 shares of the company’s stock worth $4,140,000 after buying an additional 39,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Burke & Herbert Financial Services during the 2nd quarter worth about $18,137,000.

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.