Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $121,000.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $60.50 per share, for a total transaction of $121,000.00. Following the completion of the purchase, the director now directly owns 203,939 shares of the company’s stock, valued at approximately $12,338,309.50. This represents a 0.99 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 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 acquired 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 acquired 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 Price Performance

Burke & Herbert Financial Services stock opened at $60.29 on Friday. The firm has a market cap of $902.42 million and a P/E ratio of 25.12. The stock’s 50 day moving average is $62.24 and its 200 day moving average is $64.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. Burke & Herbert Financial Services Corp. has a one year low of $46.00 and a one year high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. As a group, research analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current 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 issued a $0.55 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 3.65%. Burke & Herbert Financial Services’s payout ratio is currently 91.67%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their price objective for the stock 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 hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Burke & Herbert Financial Services by 24.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,512 shares of the company’s stock worth $1,279,000 after purchasing an additional 4,029 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $218,000. ProShare Advisors LLC bought a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Burke & Herbert Financial Services by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock valued at $481,000 after acquiring an additional 535 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Burke & Herbert Financial Services by 65.0% during the fourth quarter. Deutsche Bank AG now owns 10,660 shares of the company’s stock valued at $665,000 after acquiring an additional 4,199 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.