Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $61.75 per share, with a total value of $123,500.00. Following the completion of the transaction, the director now directly owns 197,939 shares in the company, valued at approximately $12,222,733.25. This trade represents a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Julian Forrest Jr. Barnwell also recently made the following trade(s):
- On Friday, February 21st, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $62.50 per share, with a total value of $125,000.00.
- On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $63.75 per share, for a total transaction of $318,750.00.
- On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $68.75 per share, with a total value of $206,250.00.
Burke & Herbert Financial Services Stock Performance
BHRB traded up $0.83 on Monday, hitting $63.19. The company's stock had a trading volume of 273,253 shares, compared to its average volume of 50,876. The company's 50 day simple moving average is $62.47 and its 200-day simple moving average is $64.23. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a 12 month low of $46.00 and a 12 month high of $75.32. The firm has a market cap of $945.83 million and a P/E ratio of 26.33.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting 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%. Analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.
Burke & Herbert Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services's payout ratio is presently 91.67%.
Institutional Investors Weigh In On Burke & Herbert Financial Services
Several hedge funds and other institutional investors have recently modified their holdings of BHRB. Sterling Capital Management LLC grew its stake in Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company's stock valued at $27,000 after acquiring an additional 387 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Burke & Herbert Financial Services by 227.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company's stock valued at $84,000 after purchasing an additional 936 shares during the period. Quantbot Technologies LP bought a new position in Burke & Herbert Financial Services in the 3rd quarter valued at $118,000. KLP Kapitalforvaltning AS purchased a new position in shares of Burke & Herbert Financial Services during the 4th quarter valued at $156,000. Finally, Squarepoint Ops LLC bought a new position in shares of Burke & Herbert Financial Services in the fourth quarter worth $218,000.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $79.00 to $76.00 in a research note on Monday, January 27th.
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About Burke & Herbert Financial Services
(
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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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