Fourthstone LLC Acquires 56,928 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Fourthstone LLC grew its position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 454,526 shares of the company's stock after acquiring an additional 56,928 shares during the quarter. Burke & Herbert Financial Services comprises about 5.5% of Fourthstone LLC's investment portfolio, making the stock its 6th largest holding. Fourthstone LLC owned about 3.04% of Burke & Herbert Financial Services worth $28,344,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Burke & Herbert Financial Services in the 4th quarter worth approximately $239,000. Barclays PLC lifted its position in Burke & Herbert Financial Services by 28.7% during the 4th quarter. Barclays PLC now owns 28,601 shares of the company's stock worth $1,784,000 after buying an additional 6,376 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company's stock worth $27,000 after acquiring an additional 387 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Burke & Herbert Financial Services in the fourth quarter valued at about $274,000. Finally, Invesco Ltd. increased its holdings in shares of Burke & Herbert Financial Services by 60.0% in the fourth quarter. Invesco Ltd. now owns 5,730 shares of the company's stock worth $357,000 after acquiring an additional 2,148 shares in the last quarter.

Burke & Herbert Financial Services Stock Up 2.5 %

Shares of NASDAQ BHRB traded up $1.23 during midday trading on Tuesday, hitting $50.28. 1,871 shares of the stock traded hands, compared to its average volume of 49,117. The business has a 50 day moving average price of $57.10 and a two-hundred day moving average price of $61.98. Burke & Herbert Financial Services Corp. has a one year low of $46.00 and a one year high of $75.32. The company has a market cap of $753.27 million and a PE ratio of 20.88. 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 - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, hitting 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%. On average, equities analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 91.67%.

Analysts Set New Price Targets

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

Insider Transactions at Burke & Herbert Financial Services

In other Burke & Herbert Financial Services news, Director Julian Forrest Jr. Barnwell purchased 1,140 shares of Burke & Herbert Financial Services stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $58.38 per share, with a total value of $66,553.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Shawn Patrick Mclaughlin acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $63.00 per share, with a total value of $63,000.00. Following the completion of the purchase, the director now owns 62,000 shares of the company's stock, valued at approximately $3,906,000. The trade was a 1.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 19,140 shares of company stock worth $1,195,743 in the last 90 days. 10.92% of the stock is currently owned by insiders.

Burke & Herbert Financial Services 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.