Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services (NASDAQ:BHRB – Free Report) from a market perform rating to an outperform rating in a research note published on Monday, Marketbeat.com reports. They currently have $76.00 price objective on the stock, down from their prior price objective of $79.00.
Separately, DA Davidson started coverage on Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price target on the stock.
Check Out Our Latest Report on Burke & Herbert Financial Services
Burke & Herbert Financial Services Trading Up 0.8 %
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last released its quarterly earnings data 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 net margin of 6.55% and a return on equity of 12.83%. As a group, equities research analysts forecast that Burke & Herbert Financial Services will post 6.9 earnings per share for the current fiscal year.
Burke & Herbert Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, February 14th.
Insiders Place Their Bets
In other Burke & Herbert Financial Services news, Director Gary L. Hinkle bought 3,652 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $68.56 per share, with a total value of $250,381.12. Following the transaction, the director now directly owns 236,807 shares in the company, valued at $16,235,487.92. This trade represents a 1.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock in a transaction dated Friday, December 13th. The shares were bought 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 in the company, valued at approximately $12,577,056.25. This trade represents a 1.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,950 shares of company stock worth $614,711. 9.65% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Burke & Herbert Financial Services
Several large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Burke & Herbert Financial Services by 49.8% during the 4th quarter. SG Americas Securities LLC now owns 7,591 shares of the company’s stock valued at $473,000 after purchasing an additional 2,524 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Burke & Herbert Financial Services by 481.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after buying an additional 27,490 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Burke & Herbert Financial Services in the 3rd quarter worth $526,000. Barclays PLC grew its position in Burke & Herbert Financial Services by 204.0% in the third quarter. Barclays PLC now owns 22,225 shares of the company’s stock worth $1,357,000 after acquiring an additional 14,915 shares in the last quarter. Finally, Mittelman Wealth Management bought a new position in Burke & Herbert Financial Services in the third quarter valued at $659,000.
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.
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