Insider Buying: Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $58.80 per share, for a total transaction of $58,800.00. Following the acquisition, the director now owns 84,083 shares in the company, valued at $4,944,080.40. The trade was a 1.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, March 7th, Julian Forrest Jr. Barnwell bought 1,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $59.75 per share, for a total transaction of $59,750.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $60.50 per share, for a total transaction of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $62.50 per share, for a total transaction of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Trading Up 1.7 %

Shares of BHRB opened at $58.72 on Thursday. 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 firm has a market capitalization of $878.92 million and a P/E ratio of 24.47. The stock’s fifty day simple moving average is $61.99 and its 200 day simple moving average is $64.03. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Friday, January 24th. The company reported $1.77 earnings per share 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%. On average, equities research analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 91.67%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Burke & Herbert Financial Services by 24.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,512 shares of the company’s stock worth $1,279,000 after buying an additional 4,029 shares during the period. Squarepoint Ops LLC purchased a new position in Burke & Herbert Financial Services in the fourth quarter valued at about $218,000. ProShare Advisors LLC purchased a new position in Burke & Herbert Financial Services in the fourth quarter valued at about $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Burke & Herbert Financial Services by 7.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock valued at $481,000 after purchasing an additional 535 shares during the period. Finally, Deutsche Bank AG raised its position in Burke & Herbert Financial Services by 65.0% in the fourth quarter. Deutsche Bank AG now owns 10,660 shares of the company’s stock valued at $665,000 after purchasing an additional 4,199 shares during the period.

Analysts Set New Price Targets

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

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.