Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $63.75 per share, for a total transaction of $318,750.00. Following the completion of the acquisition, the director now directly owns 187,939 shares of the company's stock, valued at $11,981,111.25. The trade was a 2.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Julian Forrest Jr. Barnwell also recently made the following trade(s):
- On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $68.75 per share, for a total transaction of $206,250.00.
Burke & Herbert Financial Services Trading Up 0.8 %
Shares of Burke & Herbert Financial Services stock traded up $0.52 on Tuesday, reaching $64.61. 62,294 shares of the company's stock were exchanged, compared to its average volume of 34,287. The company has a market capitalization of $967.21 million and a P/E ratio of 26.92. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32. The firm's 50-day moving average is $63.42 and its two-hundred day moving average is $64.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last issued its earnings results on Friday, January 24th. The company reported $1.77 earnings per share 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%. Sell-side analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.
Burke & Herbert Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services's payout ratio is 91.67%.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $79.00 to $76.00 in a report on Monday, January 27th.
Check Out Our Latest Report on BHRB
Hedge Funds Weigh In On Burke & Herbert Financial Services
A number of institutional investors have recently modified their holdings of BHRB. Sterling Capital Management LLC raised its position in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company's stock worth $27,000 after purchasing an additional 387 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Burke & Herbert Financial Services by 227.7% during the fourth 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 during the period. Quantbot Technologies LP acquired a new position in shares of Burke & Herbert Financial Services during the third quarter worth approximately $118,000. KLP Kapitalforvaltning AS acquired a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth approximately $156,000. Finally, Truist Financial Corp purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter valued at $202,000.
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.
Featured Articles
Before you consider Burke & Herbert Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burke & Herbert Financial Services wasn't on the list.
While Burke & Herbert Financial Services currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
