Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell purchased 5,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $63.75 per share, with a total value of $318,750.00. Following the purchase, the director now owns 187,939 shares in the company, valued at approximately $11,981,111.25. This represents a 2.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Julian Forrest Jr. Barnwell also recently made the following trade(s):
- On Friday, December 13th, Julian Forrest Jr. Barnwell acquired 3,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average cost of $68.75 per share, with a total value of $206,250.00.
Burke & Herbert Financial Services Stock Performance
NASDAQ:BHRB opened at $64.09 on Friday. The company has a market capitalization of $959.43 million and a price-to-earnings ratio of 26.70. The business has a 50 day moving average of $63.66 and a 200 day moving average of $64.14. 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 1-year low of $46.00 and a 1-year high of $75.32.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.88% and a return on equity of 15.15%. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid 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 3.43%. Burke & Herbert Financial Services's dividend payout ratio (DPR) is currently 91.67%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 22,559 shares during the period. Fourthstone LLC lifted its position in Burke & Herbert Financial Services by 14.3% in the fourth 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 shares of Burke & Herbert Financial Services by 5.2% during the third 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 period. State Street Corp grew its holdings in shares of Burke & Herbert Financial Services by 9.9% in the third quarter. State Street Corp now owns 289,576 shares of the company's stock worth $17,661,000 after purchasing an additional 26,191 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Burke & Herbert Financial Services by 5.1% in the fourth quarter. Northern Trust Corp now owns 130,117 shares of the company's stock worth $8,114,000 after buying an additional 6,313 shares during the period.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $79.00 to $76.00 in a research note on Monday, January 27th.
Read Our Latest Stock Analysis on Burke & Herbert Financial Services
Burke & Herbert Financial Services Company Profile
(
Get Free Report)
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.
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