American Century Companies Inc. Buys 5,917 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

American Century Companies Inc. raised its position in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 30.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,558 shares of the company's stock after acquiring an additional 5,917 shares during the period. American Century Companies Inc. owned approximately 0.17% of Burke & Herbert Financial Services worth $1,594,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BHRB. Raymond James Financial Inc. bought a new position in Burke & Herbert Financial Services in the 4th quarter valued at about $274,000. Intech Investment Management LLC bought a new position in shares of Burke & Herbert Financial Services in the fourth quarter valued at approximately $278,000. Delphi Management Inc. MA purchased a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $283,000. Truist Financial Corp bought a new stake in Burke & Herbert Financial Services during the fourth quarter worth $340,000. Finally, SG Americas Securities LLC raised its position in Burke & Herbert Financial Services by 49.8% in the 4th quarter. SG Americas Securities LLC now owns 7,591 shares of the company's stock valued at $473,000 after buying an additional 2,524 shares during the last quarter.

Insider Activity at Burke & Herbert Financial Services

In other news, Director Julian Forrest Jr. Barnwell acquired 1,140 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $58.38 per share, for a total transaction of $66,553.20. Following the completion of the purchase, the director now owns 91,361 shares in the company, valued at approximately $5,333,655.18. This trade represents a 1.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary L. Hinkle acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $64.48 per share, with a total value of $64,480.00. Following the completion of the acquisition, the director now owns 244,355 shares of the company's stock, valued at $15,756,010.40. This trade represents a 0.41 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 19,140 shares of company stock worth $1,195,743. 9.65% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $79.00 to $76.00 in a report on Monday, January 27th.

Burke & Herbert Financial Services Stock Up 1.6 %

NASDAQ:BHRB traded up $0.79 on Tuesday, hitting $49.87. The stock had a trading volume of 1,852 shares, compared to its average volume of 48,599. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32. The firm's fifty day simple moving average is $58.58 and its two-hundred day simple moving average is $62.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $747.14 million and a P/E ratio of 20.79.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last issued its quarterly 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 return on equity of 15.15% and a net margin of 8.88%. Analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is currently 91.67%.

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.