Gary L. Hinkle Acquires 1,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $64.48 per share, for a total transaction of $64,480.00. Following the completion of the purchase, the director now directly owns 244,355 shares of the company’s stock, valued at $15,756,010.40. This represents a 0.41 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Burke & Herbert Financial Services Stock Down 0.1 %

Shares of NASDAQ BHRB opened at $64.31 on Friday. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32. The stock’s fifty day moving average is $64.61 and its 200 day moving average is $64.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $962.72 million and a P/E ratio of 26.80.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Sell-side analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s payout ratio is presently 91.67%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. DA Davidson initiated coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective for the company. Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their price target for the company from $79.00 to $76.00 in a research note on Monday, January 27th.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of large investors have recently modified their holdings of the business. Fourthstone LLC lifted its position in shares of Burke & Herbert Financial Services by 29.3% during the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock worth $24,250,000 after buying an additional 90,151 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Burke & Herbert Financial Services in the second quarter worth about $18,137,000. Geode Capital Management LLC boosted its stake in shares of Burke & Herbert Financial Services by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after purchasing an additional 15,092 shares in the last quarter. State Street Corp grew its holdings in shares of Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after purchasing an additional 26,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Burke & Herbert Financial Services by 190.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock worth $6,616,000 after purchasing an additional 71,105 shares in the last quarter.

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.