Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $194,910.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle acquired 3,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $64.97 per share, with a total value of $194,910.00. Following the acquisition, the director now owns 248,459 shares in the company, valued at approximately $16,142,381.23. This trade represents a 1.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Burke & Herbert Financial Services Stock Performance

Burke & Herbert Financial Services stock opened at $63.17 on Thursday. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32. The stock has a market cap of $945.65 million and a price-to-earnings ratio of 26.32. The stock’s 50 day simple moving average is $63.92 and its two-hundred day simple moving average is $64.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, meeting analysts’ consensus estimates 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, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $79.00 to $76.00 in a research note on Monday, January 27th. DA Davidson initiated coverage on shares of Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 target price for the company.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several large investors have recently made changes to their positions in BHRB. Quantbot Technologies LP purchased a new stake in shares of Burke & Herbert Financial Services in the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS bought a new stake in Burke & Herbert Financial Services in the fourth quarter worth $156,000. Truist Financial Corp bought a new stake in Burke & Herbert Financial Services in the second quarter worth $202,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter worth $259,000. Finally, Raymond James Financial Inc. bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at $274,000.

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.