Burke & Herbert Financial Services (NASDAQ:BHRB) Director Diane Poillon Buys 1,200 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Diane Poillon acquired 1,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $73.67 per share, with a total value of $88,404.00. Following the transaction, the director directly owned 4,128 shares in the company, valued at $304,109.76. This trade represents a 40.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Burke & Herbert Financial Services Stock Down 0.1%

NASDAQ:BHRB opened at $73.15 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $70.37 and its two-hundred day moving average is $66.44. Burke & Herbert Financial Services Corp. has a 52 week low of $57.42 and a 52 week high of $75.08. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.72 and a beta of 0.57.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The business had revenue of $106.89 million during the quarter, compared to analyst estimates of $112.86 million. Burke & Herbert Financial Services had a return on equity of 13.66% and a net margin of 18.86%. Research analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th. Burke & Herbert Financial Services’s payout ratio is currently 35.26%.

Analyst Ratings Changes

BHRB has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Burke & Herbert Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. DA Davidson set a $75.00 target price on shares of Burke & Herbert Financial Services in a research note on Monday, July 27th. Wall Street Zen raised shares of Burke & Herbert Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.25.

Institutional Trading of Burke & Herbert Financial Services

Several hedge funds have recently added to or reduced their stakes in BHRB. BlackRock Inc. acquired a new position in Burke & Herbert Financial Services during the 2nd quarter worth approximately $87,556,000. Vanguard Group Inc. lifted its position in shares of Burke & Herbert Financial Services by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 779,800 shares of the company’s stock worth $48,589,000 after purchasing an additional 14,358 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Burke & Herbert Financial Services by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock worth $22,919,000 after purchasing an additional 49,957 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Burke & Herbert Financial Services by 68.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock worth $10,235,000 after purchasing an additional 66,778 shares in the last quarter. Finally, Endeavour Capital Advisors Inc. increased its holdings in Burke & Herbert Financial Services by 22.0% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 125,323 shares of the company’s stock valued at $7,809,000 after buying an additional 22,601 shares during the last quarter.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.