Delphi Management Inc. MA Invests $283,000 in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Delphi Management Inc. MA acquired a new stake in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,540 shares of the company's stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BHRB. Swiss National Bank increased its position in shares of Burke & Herbert Financial Services by 1.1% during the fourth quarter. Swiss National Bank now owns 26,400 shares of the company's stock valued at $1,646,000 after acquiring an additional 300 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Burke & Herbert Financial Services in the 4th quarter worth $274,000. Verdence Capital Advisors LLC raised its stake in shares of Burke & Herbert Financial Services by 32.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 68,384 shares of the company's stock worth $4,264,000 after purchasing an additional 16,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Burke & Herbert Financial Services by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,559 shares of the company's stock valued at $6,894,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at $340,000.

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB traded down $0.28 during trading hours on Friday, reaching $57.60. The company had a trading volume of 86,114 shares, compared to its average volume of 45,942. The firm has a market cap of $862.16 million and a price-to-earnings ratio of 24.00. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average price is $61.89 and its 200-day moving average price is $63.71. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32.

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Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.82%. Burke & Herbert Financial Services's dividend payout ratio (DPR) is 91.67%.

Wall Street Analyst Weigh In

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

Insider Activity at Burke & Herbert Financial Services

In related news, Director Gary L. Hinkle acquired 3,000 shares of the stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $64.97 per share, with a total value of $194,910.00. Following the transaction, the director now directly owns 248,459 shares in the company, valued at approximately $16,142,381.23. This represents a 1.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shawn Patrick Mclaughlin bought 1,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $63.00 per share, with a total value of $63,000.00. Following the completion of the acquisition, the director now directly owns 62,000 shares in the company, valued at $3,906,000. This represents a 1.64 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 19,140 shares of company stock worth $1,195,743. 9.65% of the stock is owned by company insiders.

Burke & Herbert Financial Services Company 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.