Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) Director Julian Forrest Jr. Barnwell acquired 1,140 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $58.38 per share, for a total transaction of $66,553.20. Following the completion of the transaction, the director now directly owns 91,361 shares of the company's stock, valued at $5,333,655.18. This trade represents a 1.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Julian Forrest Jr. Barnwell also recently made the following trade(s):
- On Monday, March 10th, Julian Forrest Jr. Barnwell acquired 1,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $58.80 per share, with a total value of $58,800.00.
- On Friday, March 7th, Julian Forrest Jr. Barnwell bought 1,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average cost of $59.75 per share, for a total transaction of $59,750.00.
- On Wednesday, March 5th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average cost of $60.50 per share, for a total transaction of $121,000.00.
- On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $61.75 per share, with a total value of $123,500.00.
- On Friday, February 21st, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $62.50 per share, with a total value of $125,000.00.
- On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $63.75 per share, with a total value of $318,750.00.
- On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $68.75 per share, with a total value of $206,250.00.
Burke & Herbert Financial Services Price Performance
Shares of BHRB opened at $58.20 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm has a market cap of $871.14 million and a price-to-earnings ratio of 24.25. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32. The stock has a 50 day moving average of $61.94 and a 200-day moving average of $63.99.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last released 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 net margin of 8.88% and a return on equity of 15.15%. As a group, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.
Burke & Herbert Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, February 14th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 91.67%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $79.00 to $76.00 in a research report on Monday, January 27th.
Get Our Latest Stock Analysis on BHRB
Institutional Trading of Burke & Herbert Financial Services
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fourthstone LLC grew its stake in Burke & Herbert Financial Services by 29.3% during the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company's stock worth $24,250,000 after buying an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Burke & Herbert Financial Services by 190.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company's stock valued at $6,616,000 after acquiring an additional 71,105 shares during the period. JPMorgan Chase & Co. grew its position in shares of Burke & Herbert Financial Services by 94.4% during the fourth 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 increased its holdings in shares of Burke & Herbert Financial Services by 9.9% in the 3rd quarter. State Street Corp now owns 289,576 shares of the company's stock worth $17,661,000 after acquiring an additional 26,191 shares during the period. Finally, Vanguard Group Inc. lifted its position in Burke & Herbert Financial Services by 3.2% in the 4th 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.
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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