Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $14,875.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin purchased 250 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $59.50 per share, for a total transaction of $14,875.00. Following the transaction, the director now owns 58,750 shares in the company, valued at approximately $3,495,625. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Burke & Herbert Financial Services Price Performance

BHRB traded down $1.38 during midday trading on Monday, hitting $60.09. The stock had a trading volume of 68,339 shares, compared to its average volume of 26,659. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.13. Burke & Herbert Financial Services Corp. has a 1 year low of $42.91 and a 1 year high of $70.00. The business has a fifty day moving average of $53.20 and a 200 day moving average of $53.92.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its earnings results on Friday, July 26th. The company reported $2.04 EPS for the quarter. The firm had revenue of $69.27 million during the quarter. Burke & Herbert Financial Services had a negative net margin of 1.10% and a positive return on equity of 13.11%.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 3.53%.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several institutional investors have recently bought and sold shares of BHRB. Burke & Herbert Bank & Trust Co. boosted its holdings in shares of Burke & Herbert Financial Services by 50.6% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 308,251 shares of the company’s stock valued at $15,715,000 after buying an additional 103,527 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Burke & Herbert Financial Services during the 2nd quarter worth about $2,218,000. Bank of New York Mellon Corp boosted its holdings in shares of Burke & Herbert Financial Services by 96.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,204 shares of the company’s stock worth $4,140,000 after purchasing an additional 39,769 shares during the last quarter. AA Financial Advisors LLC acquired a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter worth $1,589,000. Finally, Fifth Third Bancorp purchased a new position in Burke & Herbert Financial Services during the second quarter worth about $1,167,000.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Burke & Herbert Financial Services from $66.00 to $73.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.