Burke & Herbert Bank & Trust Co. cut its holdings in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 261,857 shares of the company's stock after selling 46,394 shares during the period. Burke & Herbert Financial Services comprises about 3.7% of Burke & Herbert Bank & Trust Co.'s investment portfolio, making the stock its 3rd biggest holding. Burke & Herbert Bank & Trust Co. owned approximately 1.76% of Burke & Herbert Financial Services worth $15,971,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Burke & Herbert Financial Services by 1.4% during the first quarter. Vanguard Group Inc. now owns 341,705 shares of the company's stock worth $19,146,000 after buying an additional 4,574 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter worth about $392,000. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter valued at about $280,000. Fortitude Family Office LLC lifted its position in shares of Burke & Herbert Financial Services by 1,666.0% during the second quarter. Fortitude Family Office LLC now owns 936 shares of the company's stock worth $48,000 after purchasing an additional 883 shares during the last quarter. Finally, AA Financial Advisors LLC acquired a new position in Burke & Herbert Financial Services in the second quarter worth about $1,589,000.
Analyst Ratings Changes
Several equities analysts recently issued reports on BHRB shares. DA Davidson began coverage on Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a "buy" rating and a $76.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Burke & Herbert Financial Services from $66.00 to $73.00 and gave the company a "market perform" rating in a report on Monday, July 29th.
Get Our Latest Research Report on Burke & Herbert Financial Services
Burke & Herbert Financial Services Stock Performance
NASDAQ:BHRB traded down $2.26 during midday trading on Friday, reaching $62.16. 39,189 shares of the company traded hands, compared to its average volume of 35,000. The firm has a market capitalization of $922.95 million and a price-to-earnings ratio of 7.39. The company has a fifty day moving average price of $62.88 and a 200 day moving average price of $56.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.83 and a quick ratio of 0.83. Burke & Herbert Financial Services Corp. has a twelve month low of $42.91 and a twelve month high of $70.00.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $2.04 EPS for the quarter. The business had revenue of $69.27 million during the quarter. Burke & Herbert Financial Services had a negative net margin of 1.10% and a positive return on equity of 9.96%.
Insider Buying and Selling at Burke & Herbert Financial Services
In other Burke & Herbert Financial Services news, Director Gary L. Hinkle bought 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $68.09 per share, for a total transaction of $340,450.00. Following the transaction, the director now directly owns 233,155 shares in the company, valued at $15,875,523.95. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.65% of the stock is currently owned by company insiders.
Burke & Herbert Financial Services Profile
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Free Report)
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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