Shawn Patrick Mclaughlin Purchases 1,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $63.00 per share, for a total transaction of $63,000.00. Following the purchase, the director now owns 62,000 shares of the company’s stock, valued at $3,906,000. The trade was a 1.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shawn Patrick Mclaughlin also recently made the following trade(s):

• On Monday, December 9th, Shawn Patrick Mclaughlin bought 555 shares of Burke & Herbert Financial Services stock. The shares were bought at an average cost of $69.35 per share, for a total transaction of $38,489.25.
• On Thursday, December 5th, Shawn Patrick Mclaughlin purchased 195 shares of Burke & Herbert Financial Services stock. The stock was bought at an average cost of $69.50 per share, with a total value of $13,552.50.

Burke & Herbert Financial Services Stock Down 0.1 %

Shares of NASDAQ:BHRB opened at $64.31 on Friday. 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 debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $64.71 and its 200-day moving average is $63.93. The company has a market capitalization of $962.72 million and a price-to-earnings ratio of 26.80.

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, hitting 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%. Equities research analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently declared 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. This represents a $2.20 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 91.67%.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Burke & Herbert Financial Services in the 3rd quarter valued at about $118,000. Truist Financial Corp bought a new stake in shares of Burke & Herbert Financial Services during the second quarter valued at approximately $202,000. The Manufacturers Life Insurance Company acquired a new position in shares of Burke & Herbert Financial Services during the second quarter worth approximately $259,000. SG Americas Securities LLC lifted its holdings in shares of Burke & Herbert Financial Services by 113.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,067 shares of the company’s stock worth $309,000 after purchasing an additional 2,696 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new stake in Burke & Herbert Financial Services in the 3rd quarter valued at $383,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BHRB shares. Keefe, Bruyette & Woods upgraded 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 report on Monday, January 27th. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective on the 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.