Burke & Herbert Financial Services (BHRB) Expected to Announce Earnings on Friday

Burke & Herbert Financial Services (NASDAQ:BHRB) is expected to announce its Q1 2025 earnings results before the market opens on Friday, May 9th. Analysts expect Burke & Herbert Financial Services to post earnings of $1.78 per share for the quarter.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Friday, April 25th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $85.50 million. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%.

Burke & Herbert Financial Services Trading Down 2.2 %

Shares of NASDAQ BHRB opened at $56.25 on Wednesday. The stock has a market cap of $842.79 million and a price-to-earnings ratio of 23.44. The business has a 50 day simple moving average of $55.10 and a 200 day simple moving average of $61.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. Burke & Herbert Financial Services has a 52 week low of $46.00 and a 52 week high of $75.32.

Burke & Herbert Financial Services declared that its board has approved a share repurchase program on Friday, April 25th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 15th. Burke & Herbert Financial Services’s dividend payout ratio is 62.68%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Burke & Herbert Financial Services from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th.

Insider Transactions at Burke & Herbert Financial Services

In related news, Director Samuel Laing Hinson III bought 4,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was bought at an average cost of $53.00 per share, with a total value of $212,000.00. Following the completion of the purchase, the director now owns 28,800 shares in the company, valued at approximately $1,526,400. The trade was a 16.13 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Julian Forrest Jr. Barnwell purchased 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $63.75 per share, for a total transaction of $318,750.00. Following the purchase, the director now directly owns 187,939 shares of the company’s stock, valued at $11,981,111.25. This trade represents a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,140 shares of company stock valued at $1,280,263. Company insiders own 10.92% of the company’s stock.

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.