Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Buys 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,000 shares of Burke & Herbert Financial Services stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $59.75 per share, for a total transaction of $59,750.00. Following the acquisition, the director now directly owns 83,083 shares in the company, valued at approximately $4,964,209.25. This trade represents a 1.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 5th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $60.50 per share, for a total transaction of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price 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 shares were purchased at an average price of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Stock Performance

Burke & Herbert Financial Services stock opened at $58.21 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $871.29 million and a P/E ratio of 24.25. The stock’s 50 day moving average is $62.15 and its 200 day moving average is $64.13. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve month high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. On average, equities research analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.78%. Burke & Herbert Financial Services’s dividend payout ratio is 91.67%.

Institutional Trading of Burke & Herbert Financial Services

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Burke & Herbert Financial Services by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock valued at $45,658,000 after purchasing an additional 22,559 shares during the last quarter. Fourthstone LLC boosted its stake in Burke & Herbert Financial Services by 14.3% during the 4th quarter. Fourthstone LLC now owns 454,526 shares of the company’s stock valued at $28,344,000 after purchasing an additional 56,928 shares during the last quarter. Geode Capital Management LLC boosted its stake in Burke & Herbert Financial Services by 5.2% during 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 during the last quarter. State Street Corp boosted its stake in 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, Northern Trust Corp boosted its stake in Burke & Herbert Financial Services by 5.1% during the 4th quarter. Northern Trust Corp now owns 130,117 shares of the company’s stock valued at $8,114,000 after purchasing an additional 6,313 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $79.00 to $76.00 in a research note on Monday, January 27th.

About Burke & Herbert Financial Services

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.