Q1 Earnings Forecast for BHRB Issued By DA Davidson

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Burke & Herbert Financial Services in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst M. Navas anticipates that the company will post earnings of $1.78 per share for the quarter. DA Davidson currently has a “Buy” rating and a $76.00 target price on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 6.55% and a return on equity of 12.83%.

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

Burke & Herbert Financial Services Trading Down 0.8 %

Burke & Herbert Financial Services stock opened at $63.16 on Wednesday. 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 has a 12-month low of $46.00 and a 12-month high of $75.32. The firm has a market capitalization of $945.51 million and a price-to-earnings ratio of 7.99. The firm has a 50 day moving average of $64.88 and a 200 day moving average of $63.93.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in Burke & Herbert Financial Services in the second quarter valued at approximately $18,137,000. Renaissance Technologies LLC purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter worth approximately $2,827,000. Marshall Wace LLP acquired a new stake in Burke & Herbert Financial Services during the second quarter valued at $427,000. The Manufacturers Life Insurance Company purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter valued at about $259,000. Finally, Truist Financial Corp purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter valued at approximately $202,000.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Julian Forrest Jr. Barnwell bought 3,000 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average price of $68.75 per share, for a total transaction of $206,250.00. Following the completion of the acquisition, the director now directly owns 182,939 shares in the company, valued at approximately $12,577,056.25. This represents a 1.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary L. Hinkle acquired 1,548 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $68.50 per share, for a total transaction of $106,038.00. Following the transaction, the director now owns 238,355 shares in the company, valued at approximately $16,327,317.50. The trade was a 0.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 8,950 shares of company stock worth $614,711 over the last quarter. Insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 27.85%.

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.