Research Analysts Set Expectations for BHRB Q1 Earnings

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Burke & Herbert Financial Services in a report released on Tuesday, January 28th. DA Davidson analyst M. Navas anticipates that the company will post earnings of $1.78 per share for the quarter. DA Davidson has a "Buy" rating and a $76.00 price objective on the stock. The consensus estimate for Burke & Herbert Financial Services' current full-year earnings is $8.05 per share.

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

Burke & Herbert Financial Services Stock Down 0.1 %

Shares of BHRB stock traded down $0.05 during mid-day trading on Wednesday, reaching $64.31. 25,531 shares of the company's stock traded hands, compared to its average volume of 27,463. The company has a market cap of $962.72 million and a P/E ratio of 26.80. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services has a 12 month low of $46.00 and a 12 month high of $75.32. The company's 50-day moving average price is $64.61 and its 200-day moving average price is $64.02.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last announced its earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) 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%.

Burke & Herbert Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 3.42%. Burke & Herbert Financial Services's payout ratio is currently 91.67%.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Shawn Patrick Mclaughlin acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $63.00 per share, with a total value of $63,000.00. Following the completion of the acquisition, the director now directly owns 62,000 shares of the company's stock, valued at approximately $3,906,000. This trade represents a 1.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary L. Hinkle acquired 3,652 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $68.56 per share, for a total transaction of $250,381.12. Following the transaction, the director now owns 236,807 shares of the company's stock, valued at $16,235,487.92. This trade represents a 1.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 10,950 shares of company stock worth $742,191. Insiders own 9.65% of the company's stock.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp bought a new stake in shares of Burke & Herbert Financial Services in the fourth quarter worth $340,000. Rhumbline Advisers grew its stake in shares of Burke & Herbert Financial Services by 1.9% during the 4th quarter. Rhumbline Advisers now owns 18,548 shares of the company's stock valued at $1,157,000 after purchasing an additional 341 shares during the period. SG Americas Securities LLC increased its position in shares of Burke & Herbert Financial Services by 49.8% during the 4th quarter. SG Americas Securities LLC now owns 7,591 shares of the company's stock valued at $473,000 after purchasing an additional 2,524 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Burke & Herbert Financial Services by 481.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company's stock worth $2,025,000 after purchasing an additional 27,490 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Burke & Herbert Financial Services in the third quarter worth approximately $526,000.

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.