Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell purchased 2,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $60.50 per share, for a total transaction of $121,000.00. Following the acquisition, the director now owns 203,939 shares of the company's stock, valued at approximately $12,338,309.50. The trade was a 0.99 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Julian Forrest Jr. Barnwell also recently made the following trade(s):
- On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was acquired 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 purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $62.50 per share, with a total value of $125,000.00.
- On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired 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, with a total value of $206,250.00.
Burke & Herbert Financial Services Stock Performance
Shares of NASDAQ BHRB opened at $60.14 on Friday. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32. The firm has a market cap of $900.18 million and a P/E ratio of 25.06. The stock has a fifty day moving average price of $62.28 and a two-hundred day moving average price of $64.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last announced its earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting 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%. Research analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.
Burke & Herbert Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.66%. Burke & Herbert Financial Services's dividend payout ratio is currently 91.67%.
Institutional Trading of Burke & Herbert Financial Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fourthstone LLC increased its holdings in shares of Burke & Herbert Financial Services by 29.3% in the third quarter. Fourthstone LLC now owns 397,598 shares of the company's stock valued at $24,250,000 after buying an additional 90,151 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Burke & Herbert Financial Services by 190.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company's stock worth $6,616,000 after acquiring an additional 71,105 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Burke & Herbert Financial Services by 94.4% in the 4th quarter. JPMorgan Chase & Co. now owns 64,526 shares of the company's stock worth $4,024,000 after acquiring an additional 31,327 shares during the last quarter. State Street Corp raised its position in shares of Burke & Herbert Financial Services by 9.9% during 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 period. Finally, Vanguard Group Inc. lifted its holdings in shares of Burke & Herbert Financial Services by 3.2% during the fourth 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.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $79.00 to $76.00 in a research report on Monday, January 27th.
Check Out Our Latest Report 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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