Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys $64,480.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $64.48 per share, with a total value of $64,480.00. Following the transaction, the director now directly owns 244,355 shares in the company, valued at approximately $15,756,010.40. This trade represents a 0.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ BHRB traded down $0.05 during mid-day trading on Friday, reaching $64.31. The company had a trading volume of 25,531 shares, compared to its average volume of 30,742. Burke & Herbert Financial Services Corp. has a 1-year low of $46.00 and a 1-year 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. The stock has a market cap of $962.72 million and a PE ratio of 26.80. The company has a 50-day moving average price of $64.71 and a two-hundred day moving average price of $63.93.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share 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%. On average, equities analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 3.42%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 91.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on BHRB. DA Davidson started coverage on Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They set a “buy” rating and a $76.00 price objective for the company. Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $79.00 to $76.00 in a research note on Monday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fourthstone LLC lifted its position in shares of 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 purchasing an additional 90,151 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Burke & Herbert Financial Services in the 2nd quarter valued at approximately $18,137,000. Geode Capital Management LLC raised its holdings in Burke & Herbert Financial Services by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after acquiring an additional 15,092 shares in the last quarter. State Street Corp grew its stake 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 valued at $17,661,000 after purchasing an additional 26,191 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after purchasing an additional 71,105 shares during the period.

About Burke & Herbert Financial Services

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.