Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Purchases 1,140 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell purchased 1,140 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $58.38 per share, for a total transaction of $66,553.20. Following the acquisition, the director now owns 91,361 shares of the company’s stock, valued at $5,333,655.18. The trade was a 1.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 10th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $58.80 per share, for a total transaction of $58,800.00.
• On Friday, March 7th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The stock was purchased 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 purchased 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 bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was 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 stock was bought 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 bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Trading Up 0.9 %

NASDAQ BHRB opened at $58.74 on Friday. The firm has a market cap of $879.22 million and a P/E ratio of 24.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $61.90 and its 200-day moving average is $63.92. 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 (NASDAQ:BHRB) last released its quarterly earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. Sell-side analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio is currently 91.67%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of hedge funds have recently modified their holdings of the business. Fourthstone LLC raised its position in Burke & Herbert Financial Services by 29.3% in the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after buying an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after buying an additional 71,105 shares during the last quarter. JPMorgan Chase & Co. raised its position in Burke & Herbert Financial Services by 94.4% in the 4th quarter. JPMorgan Chase & Co. now owns 64,526 shares of the company’s stock valued at $4,024,000 after buying an additional 31,327 shares during the last quarter. State Street Corp raised its position in 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 buying an additional 26,191 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Burke & Herbert Financial Services by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock valued at $45,658,000 after buying an additional 22,559 shares during the last quarter.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their target price for the company from $79.00 to $76.00 in a research note 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.