Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Buys 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $58.80 per share, for a total transaction of $58,800.00. Following the completion of the acquisition, the director now directly owns 84,083 shares of the company’s stock, valued at approximately $4,944,080.40. This trade represents a 1.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Friday, March 7th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price 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 price of $60.50 per share, for a total transaction of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased 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 purchased at an average price of $62.50 per share, for a total transaction 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 purchased at an average price of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Stock Performance

Shares of Burke & Herbert Financial Services stock opened at $57.73 on Wednesday. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week 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 firm has a market capitalization of $864.10 million and a P/E ratio of 24.05. The company’s 50 day moving average price is $62.06 and its two-hundred day moving average price is $64.07.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its 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 net margin of 8.88% and a return on equity of 15.15%. On average, equities analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, February 14th. Burke & Herbert Financial Services’s payout ratio is currently 91.67%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their target price for the company from $79.00 to $76.00 in a research report on Monday, January 27th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Burke & Herbert Financial Services by 24.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,512 shares of the company’s stock valued at $1,279,000 after acquiring an additional 4,029 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at $218,000. ProShare Advisors LLC bought a new position in shares of Burke & Herbert Financial Services during the fourth quarter valued at $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Burke & Herbert Financial Services by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock valued at $481,000 after acquiring an additional 535 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Burke & Herbert Financial Services by 65.0% during the fourth quarter. Deutsche Bank AG now owns 10,660 shares of the company’s stock valued at $665,000 after acquiring an additional 4,199 shares during the last quarter.

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.