Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Buys 2,000 Shares

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 Friday, February 21st. The shares were acquired at an average price of $62.50 per share, with a total value of $125,000.00. Following the completion of the acquisition, the director now directly owns 189,939 shares of the company’s stock, valued at $11,871,187.50. This represents a 1.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Down 1.7 %

Shares of NASDAQ:BHRB opened at $62.37 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $933.68 million and a PE ratio of 25.99. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32. The firm has a 50 day simple moving average of $62.93 and a 200 day simple moving average of $64.16.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. As a group, research analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.55 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.53%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Burke & Herbert Financial Services by 24.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,512 shares of the company’s stock worth $1,279,000 after buying an additional 4,029 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Burke & Herbert Financial Services in the 4th quarter worth approximately $218,000. ProShare Advisors LLC purchased a new stake in Burke & Herbert Financial Services in the 4th quarter worth approximately $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Burke & Herbert Financial Services by 7.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock worth $481,000 after buying an additional 535 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Burke & Herbert Financial Services by 65.0% in the 4th quarter. Deutsche Bank AG now owns 10,660 shares of the company’s stock worth $665,000 after buying an additional 4,199 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

About Burke & Herbert Financial Services

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.