Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Acquires $58,800.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $58.80 per share, with a total value of $58,800.00. Following the transaction, the director now directly owns 84,083 shares of the company’s stock, valued at $4,944,080.40. The trade was a 1.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, March 7th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $59.75 per share, for a total transaction of $59,750.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $60.50 per share, for a total transaction of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average cost of $62.50 per share, for a total transaction of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The shares were 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 price of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Stock Up 0.1 %

Shares of BHRB traded up $0.06 during trading on Tuesday, reaching $58.27. The company’s stock had a trading volume of 9,195 shares, compared to its average volume of 59,196. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The company has a market cap of $872.13 million and a price-to-earnings ratio of 24.29. The company has a fifty day moving average of $62.15 and a two-hundred day moving average of $64.13.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share (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%. On average, sell-side analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Analysts Set New Price Targets

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

Institutional Trading of Burke & Herbert Financial Services

Hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its stake in Burke & Herbert Financial Services by 204.0% during the 3rd quarter. Barclays PLC now owns 22,225 shares of the company’s stock valued at $1,357,000 after buying an additional 14,915 shares during the period. State Street Corp lifted its position in shares of 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 acquiring an additional 26,191 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Burke & Herbert Financial Services in the third quarter worth $1,005,000. Geode Capital Management LLC lifted its position in Burke & Herbert Financial Services by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock worth $18,681,000 after buying an additional 15,092 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Burke & Herbert Financial Services by 481.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after purchasing an additional 27,490 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.