Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $123,500.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $61.75 per share, for a total transaction of $123,500.00. Following the completion of the transaction, the director now directly owns 197,939 shares of the company’s stock, valued at approximately $12,222,733.25. The trade was a 1.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Friday, February 21st, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $62.50 per share, for a total transaction of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Trading Up 0.3 %

Shares of BHRB stock opened at $62.36 on Friday. The stock has a market cap of $933.40 million and a price-to-earnings ratio of 25.98. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32. The firm’s 50 day moving average price is $62.48 and its two-hundred day moving average price is $64.20.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. On average, analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.53%. Burke & Herbert Financial Services’s payout ratio is currently 91.67%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $79.00 to $76.00 in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after purchasing an additional 387 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Burke & Herbert Financial Services by 227.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock worth $84,000 after purchasing an additional 936 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Burke & Herbert Financial Services during the third quarter worth $118,000. KLP Kapitalforvaltning AS acquired a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth $156,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Burke & Herbert Financial Services in the fourth quarter worth $218,000.

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.