Barclays PLC boosted its holdings in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 204.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,225 shares of the company's stock after buying an additional 14,915 shares during the quarter. Barclays PLC owned approximately 0.15% of Burke & Herbert Financial Services worth $1,357,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in Burke & Herbert Financial Services by 4.8% in the third quarter. Quadrature Capital Ltd now owns 12,309 shares of the company's stock valued at $750,000 after acquiring an additional 566 shares during the last quarter. Jane Street Group LLC lifted its holdings in Burke & Herbert Financial Services by 6.9% in the third quarter. Jane Street Group LLC now owns 18,772 shares of the company's stock valued at $1,145,000 after buying an additional 1,218 shares during the period. Moors & Cabot Inc. lifted its holdings in Burke & Herbert Financial Services by 6.9% in the second quarter. Moors & Cabot Inc. now owns 28,872 shares of the company's stock valued at $1,472,000 after buying an additional 1,851 shares during the period. Quantbot Technologies LP acquired a new stake in Burke & Herbert Financial Services during the 3rd quarter worth about $118,000. Finally, SG Americas Securities LLC grew its stake in Burke & Herbert Financial Services by 113.7% during the third quarter. SG Americas Securities LLC now owns 5,067 shares of the company's stock worth $309,000 after purchasing an additional 2,696 shares during the period.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on BHRB shares. DA Davidson started coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a "buy" rating and a $76.00 price target for the company. Keefe, Bruyette & Woods boosted their target price on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Report on Burke & Herbert Financial Services
Burke & Herbert Financial Services Price Performance
Shares of NASDAQ BHRB opened at $56.61 on Monday. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32. The firm has a market capitalization of $847.34 million and a P/E ratio of 7.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $66.47 and its two-hundred day simple moving average is $62.88.
Burke & Herbert Financial Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.89%. This is a positive change from Burke & Herbert Financial Services's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 28.61%.
Insider Transactions at Burke & Herbert Financial Services
In related news, Director Julian Forrest Jr. Barnwell purchased 3,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $68.75 per share, with a total value of $206,250.00. Following the acquisition, the director now directly owns 182,939 shares in the company, valued at $12,577,056.25. The trade was a 1.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary L. Hinkle bought 1,548 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the acquisition, the director now directly owns 238,355 shares of the company's stock, valued at $16,327,317.50. The trade was a 0.65 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,950 shares of company stock worth $614,711. Insiders own 9.65% of the company's stock.
Burke & Herbert Financial Services Profile
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Free Report)
Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.
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