Burke & Herbert Financial Services Corp. (BHRB) To Go Ex-Dividend on February 14th

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.55 per share on Monday, March 3rd. This represents a $2.20 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, February 14th.

Burke & Herbert Financial Services has increased its dividend by an average of 2.3% per year over the last three years. Burke & Herbert Financial Services has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings.

Burke & Herbert Financial Services Stock Up 1.7 %

Burke & Herbert Financial Services stock opened at $65.33 on Wednesday. The firm has a market capitalization of $977.99 million and a P/E ratio of 27.22. The stock’s fifty day simple moving average is $64.01 and its 200-day simple moving average is $64.17. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting 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, equities analysts expect that Burke & Herbert Financial Services will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BHRB has been the topic of a number of recent analyst reports. DA Davidson assumed coverage on Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $79.00 to $76.00 in a research report on Monday, January 27th.

Insider Activity

In other Burke & Herbert Financial Services news, Director Gary L. Hinkle acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $64.97 per share, with a total value of $194,910.00. Following the completion of the acquisition, the director now directly owns 248,459 shares of the company’s stock, valued at approximately $16,142,381.23. The trade was a 1.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Shawn Patrick Mclaughlin purchased 555 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $69.35 per share, for a total transaction of $38,489.25. Following the purchase, the director now directly owns 61,000 shares in the company, valued at approximately $4,230,350. This represents a 0.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 13,950 shares of company stock valued at $937,101. Insiders own 9.65% of the company’s stock.

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.