Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Gary L. Hinkle purchased 3,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were bought 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 of the company's stock, valued at $16,142,381.23. This represents a 1.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Burke & Herbert Financial Services Stock Performance
NASDAQ:BHRB traded up $1.27 during midday trading on Thursday, reaching $64.44. 30,774 shares of the company traded hands, compared to its average volume of 33,675. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month 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 fifty day moving average price of $63.77 and a 200 day moving average price of $64.14. The firm has a market capitalization of $964.67 million and a price-to-earnings ratio of 26.85.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last announced its earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting the consensus estimate 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 expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.
Burke & Herbert Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.55 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.41%. Burke & Herbert Financial Services's dividend payout ratio is currently 91.67%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on BHRB. DA Davidson initiated coverage on Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They issued a "buy" rating and a $76.00 target price on the stock. Keefe, Bruyette & Woods upgraded 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 report on Monday, January 27th.
Get Our Latest Research Report on Burke & Herbert Financial Services
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BHRB. Avenir Corp purchased a new stake in Burke & Herbert Financial Services in the 4th quarter worth approximately $243,000. Fourthstone LLC increased its position in Burke & Herbert Financial Services by 14.3% in the 4th quarter. Fourthstone LLC now owns 454,526 shares of the company's stock worth $28,344,000 after purchasing an additional 56,928 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth about $239,000. Barclays PLC lifted its stake in Burke & Herbert Financial Services by 28.7% in the fourth quarter. Barclays PLC now owns 28,601 shares of the company's stock valued at $1,784,000 after acquiring an additional 6,376 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Burke & Herbert Financial Services by 841.3% in the 4th quarter. Sterling Capital Management LLC now owns 433 shares of the company's stock valued at $27,000 after purchasing an additional 387 shares during the last quarter.
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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