Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys $63,000.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin purchased 1,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $63.00 per share, with a total value of $63,000.00. Following the completion of the transaction, the director now owns 62,000 shares of the company’s stock, valued at approximately $3,906,000. The trade was a 1.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Shawn Patrick Mclaughlin also recently made the following trade(s):

• On Monday, December 9th, Shawn Patrick Mclaughlin acquired 555 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $69.35 per share, for a total transaction of $38,489.25.
• On Thursday, December 5th, Shawn Patrick Mclaughlin bought 195 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $69.50 per share, for a total transaction of $13,552.50.

Burke & Herbert Financial Services Stock Up 1.1 %

Burke & Herbert Financial Services stock opened at $64.36 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a 52-week low of $46.00 and a 52-week high of $75.32. The company’s 50 day moving average is $64.80 and its two-hundred day moving average is $63.93.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data 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 return on equity of 12.83% and a net margin of 6.55%. Research analysts predict that Burke & Herbert Financial Services Corp. will post 6.9 EPS for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 14th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BHRB shares. DA Davidson began coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective for the company. Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $79.00 to $76.00 in a research report on Monday.

Hedge Funds Weigh In On Burke & Herbert Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Burke & Herbert Financial Services in the third quarter worth approximately $118,000. Truist Financial Corp acquired a new stake in Burke & Herbert Financial Services in the second quarter valued at $202,000. The Manufacturers Life Insurance Company acquired a new stake in Burke & Herbert Financial Services in the second quarter valued at $259,000. SG Americas Securities LLC lifted its holdings in Burke & Herbert Financial Services by 113.7% during the 3rd quarter. SG Americas Securities LLC now owns 5,067 shares of the company’s stock worth $309,000 after buying an additional 2,696 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new position in shares of Burke & Herbert Financial Services during the 3rd quarter worth about $383,000.

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.