Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Acquires 1,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $59.75 per share, for a total transaction of $59,750.00. Following the completion of the acquisition, the director now owns 83,083 shares of the company's stock, valued at approximately $4,964,209.25. This trade represents a 1.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Monday, March 10th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $58.80 per share, for a total transaction of $58,800.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $60.50 per share, with a total value of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $62.50 per share, for a total transaction 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, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Down 0.8 %

Shares of NASDAQ BHRB traded down $0.48 during mid-day trading on Tuesday, reaching $57.73. 51,243 shares of the company were exchanged, compared to its average volume of 60,138. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32. The firm has a 50-day moving average of $62.15 and a 200 day moving average of $64.13. The stock has a market cap of $864.10 million and a price-to-earnings ratio of 24.05. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

Remove Ads

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting 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, research analysts expect 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 was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.81%. Burke & Herbert Financial Services's payout ratio is 91.67%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BHRB. Sterling Capital Management LLC boosted its holdings in Burke & Herbert Financial Services by 841.3% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $84,000 after purchasing an additional 936 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Burke & Herbert Financial Services during the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS purchased a new stake in Burke & Herbert Financial Services during the 4th quarter worth approximately $156,000. Finally, Squarepoint Ops LLC acquired a new position in Burke & Herbert Financial Services during the 4th quarter valued at approximately $218,000.

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.