Burke & Herbert Financial Services Corp. (BHRB) to Issue Quarterly Dividend of $0.55 on March 2nd

Burke & Herbert Financial Services Corp. (NASDAQ:BHRBGet Free Report) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 13th will be paid a dividend of 0.55 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, February 13th.

Burke & Herbert Financial Services has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings.

Burke & Herbert Financial Services Price Performance

BHRB opened at $64.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $64.70 and its 200 day moving average price is $62.50. Burke & Herbert Financial Services has a fifty-two week low of $47.57 and a fifty-two week high of $70.51. The firm has a market cap of $961.92 million, a price-to-earnings ratio of 8.29 and a beta of 1.02.

Burke & Herbert Financial Services (NASDAQ:BHRBGet Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.07. The company had revenue of $86.56 million during the quarter, compared to the consensus estimate of $80.72 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 23.89%. As a group, sell-side analysts expect that Burke & Herbert Financial Services will post 8.05 earnings per share for the current year.

About Burke & Herbert Financial Services

(Get Free Report)

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.

See Also

Dividend History for Burke & Herbert Financial Services (NASDAQ:BHRB)

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