Gary L. Hinkle Acquires 3,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle purchased 3,000 shares of Burke & Herbert Financial Services stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $64.97 per share, for a total transaction of $194,910.00. Following the completion of the purchase, the director now owns 248,459 shares in the company, valued at $16,142,381.23. This represents a 1.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Burke & Herbert Financial Services Stock Performance

Shares of BHRB stock opened at $64.21 on Tuesday. The business’s 50-day moving average price is $64.13 and its 200-day moving average price is $64.17. Burke & Herbert Financial Services Corp. has a 12 month low of $46.00 and a 12 month 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 firm has a market capitalization of $961.22 million and a price-to-earnings ratio of 26.75.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting 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%. Equities research analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.43%. Burke & Herbert Financial Services’s dividend payout ratio is 91.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BHRB. Fourthstone LLC grew its position in shares of Burke & Herbert Financial Services by 29.3% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its holdings in Burke & Herbert Financial Services by 5.2% in the third 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 during the last quarter. State Street Corp increased its position in Burke & Herbert Financial Services by 9.9% during 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. Charles Schwab Investment Management Inc. raised its holdings in Burke & Herbert Financial Services by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,559 shares of the company’s stock worth $6,894,000 after purchasing an additional 2,078 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Burke & Herbert Financial Services by 32.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 68,384 shares of the company’s stock worth $4,264,000 after purchasing an additional 16,884 shares during the period.

Analyst Ratings Changes

BHRB has been the subject of several research reports. DA Davidson initiated 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 for the company. Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $79.00 to $76.00 in a research note on Monday, January 27th.

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.