Royce & Associates LP Has $5.14 Million Holdings in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Royce & Associates LP decreased its position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,462 shares of the company's stock after selling 13,317 shares during the period. Royce & Associates LP owned about 0.55% of Burke & Herbert Financial Services worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Swiss National Bank raised its stake in shares of Burke & Herbert Financial Services by 1.1% in the fourth quarter. Swiss National Bank now owns 26,400 shares of the company's stock valued at $1,646,000 after acquiring an additional 300 shares during the last quarter. Rhumbline Advisers grew its holdings in Burke & Herbert Financial Services by 1.9% during the 4th quarter. Rhumbline Advisers now owns 18,548 shares of the company's stock worth $1,157,000 after acquiring an additional 341 shares during the period. Quadrature Capital Ltd grew its holdings in Burke & Herbert Financial Services by 4.8% during the 3rd quarter. Quadrature Capital Ltd now owns 12,309 shares of the company's stock worth $750,000 after acquiring an additional 566 shares during the period. Jane Street Group LLC grew its holdings in Burke & Herbert Financial Services by 6.9% during the 3rd quarter. Jane Street Group LLC now owns 18,772 shares of the company's stock worth $1,145,000 after acquiring an additional 1,218 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Burke & Herbert Financial Services during the 3rd quarter worth $118,000.

Remove Ads

Insiders Place Their Bets

In other news, Director Julian Forrest Jr. Barnwell bought 1,140 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $58.38 per share, with a total value of $66,553.20. Following the acquisition, the director now owns 91,361 shares in the company, valued at $5,333,655.18. This trade represents a 1.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary L. Hinkle purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $64.48 per share, for a total transaction of $64,480.00. Following the purchase, the director now owns 244,355 shares in the company, valued at $15,756,010.40. The trade was a 0.41 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 19,140 shares of company stock valued at $1,195,743 in the last three months. 9.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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 company from $79.00 to $76.00 in a report on Monday, January 27th.

Burke & Herbert Financial Services Trading Down 0.5 %

Shares of BHRB stock traded down $0.28 on Friday, hitting $57.60. The stock had a trading volume of 86,114 shares, compared to its average volume of 46,181. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32. The firm has a market cap of $862.16 million and a P/E ratio of 24.00. 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 company has a fifty day moving average price of $61.91 and a two-hundred day moving average price of $63.65.

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 for the quarter, hitting analysts' consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. As a group, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.82%. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 91.67%.

Burke & Herbert Financial Services 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.