JPMorgan Chase & Co. Has $4.02 Million Stock Position in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

JPMorgan Chase & Co. boosted its stake in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 94.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,526 shares of the company's stock after buying an additional 31,327 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of Burke & Herbert Financial Services worth $4,024,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BHRB. KLP Kapitalforvaltning AS bought a new stake in Burke & Herbert Financial Services in the 4th quarter valued at $156,000. Raymond James Financial Inc. acquired a new stake in shares of Burke & Herbert Financial Services in the 4th quarter valued at about $274,000. Intech Investment Management LLC acquired a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth about $278,000. Delphi Management Inc. MA bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth about $283,000. Finally, Truist Financial Corp acquired a new stake in Burke & Herbert Financial Services in the 4th quarter valued at approximately $340,000.

Analyst Upgrades and Downgrades

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

Burke & Herbert Financial Services Stock Down 0.0 %

Shares of NASDAQ BHRB traded down $0.00 during mid-day trading on Thursday, hitting $51.11. The company had a trading volume of 9,585 shares, compared to its average volume of 49,250. 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 capitalization of $765.75 million and a PE ratio of 21.26. 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 has a 50-day simple moving average of $56.57 and a two-hundred day simple moving average of $61.83.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share 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, equities analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Insider Activity at Burke & Herbert Financial Services

In related news, Director Gary L. Hinkle bought 3,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $64.97 per share, with a total value of $194,910.00. Following the acquisition, the director now owns 248,459 shares of the company's stock, valued at approximately $16,142,381.23. This represents a 1.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shawn Patrick Mclaughlin purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $63.00 per share, for a total transaction of $63,000.00. Following the purchase, the director now owns 62,000 shares in the company, valued at $3,906,000. The trade was a 1.64 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 19,140 shares of company stock worth $1,195,743. Insiders own 10.92% of the company's stock.

About Burke & Herbert Financial Services

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.