Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Acquires 2,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 2,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $61.75 per share, with a total value of $123,500.00. Following the transaction, the director now directly owns 197,939 shares of the company’s stock, valued at approximately $12,222,733.25. This trade represents a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $62.50 per share, for a total transaction of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Trading Up 0.0 %

Shares of NASDAQ BHRB opened at $62.23 on Friday. The stock has a market capitalization of $931.58 million and a PE ratio of 25.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32. The stock has a fifty day simple moving average of $62.52 and a 200-day simple moving average of $64.16.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. On average, equities analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio is currently 91.67%.

Wall Street Analyst Weigh In

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

Institutional Trading of Burke & Herbert Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Burke & Herbert Financial Services by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock worth $45,658,000 after purchasing an additional 22,559 shares during the last quarter. Fourthstone LLC increased its position in shares of Burke & Herbert Financial Services by 14.3% during the fourth quarter. Fourthstone LLC now owns 454,526 shares of the company’s stock worth $28,344,000 after acquiring an additional 56,928 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Burke & Herbert Financial Services by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after buying an additional 15,092 shares during the last quarter. State Street Corp grew its holdings in Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock worth $17,661,000 after acquiring an additional 26,191 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Burke & Herbert Financial Services by 5.1% in the fourth quarter. Northern Trust Corp now owns 130,117 shares of the company’s stock valued at $8,114,000 after buying an additional 6,313 shares during the last quarter.

About Burke & Herbert Financial Services

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.