14,700 Shares in Burke & Herbert Financial Services Corp. $BHRB Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,700 shares of the company’s stock, valued at approximately $878,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Burke & Herbert Financial Services at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Burke & Herbert Financial Services by 732.7% during the 2nd quarter. CWM LLC now owns 841 shares of the company’s stock valued at $50,000 after acquiring an additional 740 shares in the last quarter. State of Wyoming bought a new position in Burke & Herbert Financial Services during the first quarter worth about $49,000. PNC Financial Services Group Inc. boosted its holdings in Burke & Herbert Financial Services by 104.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,802 shares of the company’s stock valued at $101,000 after purchasing an additional 920 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Burke & Herbert Financial Services by 360,400.0% during the first quarter. Quantbot Technologies LP now owns 3,605 shares of the company’s stock valued at $202,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter valued at approximately $221,000.

Insider Buying and Selling

In other news, Director Shawn Patrick Mclaughlin acquired 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was purchased at an average cost of $61.00 per share, with a total value of $61,000.00. Following the acquisition, the director owned 67,000 shares of the company’s stock, valued at $4,087,000. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.92% of the stock is currently owned by insiders.

Burke & Herbert Financial Services Price Performance

BHRB opened at $64.97 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $976.50 million, a P/E ratio of 9.23 and a beta of 1.08. The company’s 50 day simple moving average is $61.05 and its 200-day simple moving average is $60.45. Burke & Herbert Financial Services Corp. has a one year low of $47.57 and a one year high of $71.75.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings data on Friday, January 26th. The company reported $1.82 earnings per share (EPS) for the quarter. The firm had revenue of $32.13 million for the quarter. Burke & Herbert Financial Services had a return on equity of 14.95% and a net margin of 21.68%. Sell-side analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.55 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 3.4%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Summit Redstone set a $71.00 target price on Burke & Herbert Financial Services in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Monday. Zacks Research raised shares of Burke & Herbert Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, DA Davidson cut shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.50.

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.