Burke & Herbert Financial Services (BHRB) Expected to Announce Earnings on Friday

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) is anticipated to release its earnings data before the market opens on Friday, January 24th. Analysts expect Burke & Herbert Financial Services to post earnings of $1.77 per share for the quarter.

Burke & Herbert Financial Services Stock Up 1.3 %

BHRB traded up $0.81 during trading on Friday, reaching $62.02. 10,595 shares of the company were exchanged, compared to its average volume of 29,867. Burke & Herbert Financial Services has a 12-month low of $46.00 and a 12-month high of $75.32. The company's 50-day moving average is $65.96 and its two-hundred day moving average is $62.98. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.55 per share. The ex-dividend date was Friday, November 15th. This is a boost from Burke & Herbert Financial Services's previous quarterly dividend of $0.53. This represents a $2.20 annualized dividend and a dividend yield of 3.55%.

Wall Street Analyst Weigh In

BHRB has been the subject of several recent analyst reports. DA Davidson started coverage on shares of Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a "buy" rating and a $76.00 price objective for the company. Keefe, Bruyette & Woods boosted their price target on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Insider Activity

In related news, Director Gary L. Hinkle acquired 1,548 shares of the company's stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $68.50 per share, with a total value of $106,038.00. Following the acquisition, the director now owns 238,355 shares of the company's stock, valued at approximately $16,327,317.50. The trade was a 0.65 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shawn Patrick Mclaughlin bought 555 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $69.35 per share, with a total value of $38,489.25. Following the completion of the transaction, the director now directly owns 61,000 shares of the company's stock, valued at $4,230,350. This represents a 0.92 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,950 shares of company stock worth $614,711. 9.65% of the stock is currently owned by insiders.

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.