Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) declared a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.55 per share on Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Friday, November 15th. This is a boost from Burke & Herbert Financial Services's previous quarterly dividend of $0.53.
Burke & Herbert Financial Services has raised its dividend by an average of 2.0% per year over the last three years. Burke & Herbert Financial Services has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings.
Burke & Herbert Financial Services Trading Down 3.5 %
NASDAQ BHRB traded down $2.26 during trading hours on Friday, hitting $62.16. 39,194 shares of the company's stock were exchanged, compared to its average volume of 35,000. Burke & Herbert Financial Services has a 12-month low of $42.91 and a 12-month high of $70.00. The business's 50 day moving average is $62.88 and its 200-day moving average is $56.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $922.95 million and a P/E ratio of 7.39.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its earnings results on Friday, October 25th. The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.27. Burke & Herbert Financial Services had a negative net margin of 1.10% and a positive return on equity of 9.96%. The firm had revenue of $83.80 million during the quarter.
Insider Transactions at Burke & Herbert Financial Services
In related news, Director Gary L. Hinkle purchased 5,000 shares of Burke & Herbert Financial Services stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $68.09 per share, with a total value of $340,450.00. Following the acquisition, the director now directly owns 233,155 shares in the company, valued at approximately $15,875,523.95. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 9.65% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have weighed in on BHRB shares. Keefe, Bruyette & Woods increased their target price on Burke & Herbert Financial Services from $66.00 to $73.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th. DA Davidson started coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a "buy" rating and a $76.00 price target for the company.
Get Our Latest Stock Analysis on BHRB
About Burke & Herbert Financial Services
(
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Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.
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