Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Shawn Patrick Mclaughlin acquired 1,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $63.00 per share, with a total value of $63,000.00. Following the transaction, the director now directly owns 62,000 shares of the company's stock, valued at $3,906,000. This represents a 1.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shawn Patrick Mclaughlin also recently made the following trade(s):
- On Monday, December 9th, Shawn Patrick Mclaughlin bought 555 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $69.35 per share, with a total value of $38,489.25.
- On Thursday, December 5th, Shawn Patrick Mclaughlin acquired 195 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $69.50 per share, with a total value of $13,552.50.
Burke & Herbert Financial Services Stock Performance
Burke & Herbert Financial Services stock traded down $0.96 during midday trading on Monday, hitting $63.36. The company's stock had a trading volume of 21,665 shares, compared to its average volume of 30,193. Burke & Herbert Financial Services Corp. has a 1-year low of $46.00 and a 1-year high of $75.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day moving average price of $64.61 and a two-hundred day moving average price of $64.05. The company has a market cap of $948.30 million and a price-to-earnings ratio of 26.42.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting the consensus estimate 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, sell-side analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current 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 paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is 91.67%.
Institutional Trading of Burke & Herbert Financial Services
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Burke & Herbert Financial Services by 1.9% in the 4th quarter. Rhumbline Advisers now owns 18,548 shares of the company's stock valued at $1,157,000 after buying an additional 341 shares during the period. Quadrature Capital Ltd increased its holdings in Burke & Herbert Financial Services by 4.8% in the 3rd quarter. Quadrature Capital Ltd now owns 12,309 shares of the company's stock valued at $750,000 after buying an additional 566 shares during the period. Jane Street Group LLC increased its holdings in Burke & Herbert Financial Services by 6.9% in the 3rd 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. Quantbot Technologies LP bought a new position in Burke & Herbert Financial Services in the 3rd quarter valued at about $118,000. Finally, SG Americas Securities LLC increased its holdings 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 period.
Analyst Ratings Changes
A number of brokerages have recently commented on BHRB. Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $79.00 to $76.00 in a research report on Monday, January 27th. DA Davidson assumed 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 target price for the company.
Read Our Latest Research Report on Burke & Herbert Financial Services
About Burke & Herbert Financial Services
(
Get Free Report)
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.
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