Julian Forrest Jr. Barnwell Purchases 1,140 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,140 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $58.38 per share, for a total transaction of $66,553.20. Following the acquisition, the director now owns 91,361 shares in the company, valued at $5,333,655.18. The trade was a 1.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were purchased at an average cost of $58.80 per share, for a total transaction 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 acquired 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 acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was bought at an average price of $60.50 per share, with a total value of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost 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 bought at an average cost of $62.50 per share, for a total transaction 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 purchased 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 acquired 3,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Trading Down 0.9 %

Shares of Burke & Herbert Financial Services stock traded down $0.52 during midday trading on Thursday, reaching $58.20. The company had a trading volume of 49,831 shares, compared to its average volume of 60,065. The stock has a fifty day moving average price of $61.99 and a 200 day moving average price of $64.03. 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 cap of $871.14 million and a PE ratio of 24.25.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share (EPS) 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 anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio is 91.67%.

Institutional Trading of Burke & Herbert Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Burke & Herbert Financial Services by 24.4% during the 4th 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 buying an additional 4,029 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Burke & Herbert Financial Services during the fourth quarter valued at approximately $218,000. ProShare Advisors LLC purchased a new position in Burke & Herbert Financial Services during the fourth quarter valued at $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 purchasing an additional 535 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Burke & Herbert Financial Services by 65.0% in 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 period.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and decreased 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.