Burke & Herbert Financial Services (NASDAQ:BHRB) Director Georgette George Sells 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Georgette George sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $73.67, for a total transaction of $73,670.00. Following the sale, the director owned 38,321 shares of the company’s stock, valued at approximately $2,823,108.07. This represents a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Burke & Herbert Financial Services Stock Performance

BHRB traded up $1.17 during trading on Tuesday, hitting $74.81. The stock had a trading volume of 97,934 shares, compared to its average volume of 133,547. The company has a 50 day moving average price of $68.53 and a 200-day moving average price of $65.90. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 12.00 and a beta of 0.57. Burke & Herbert Financial Services Corp. has a one year low of $56.11 and a one year high of $75.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Thursday, July 23rd. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. Burke & Herbert Financial Services had a net margin of 18.86% and a return on equity of 15.11%. The firm had revenue of $106.90 million for the quarter, compared to analyst estimates of $112.86 million. As a group, research analysts predict that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 35.26%.

Wall Street Analyst Weigh In

BHRB has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Burke & Herbert Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised Burke & Herbert Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. DA Davidson set a $75.00 price objective on shares of Burke & Herbert Financial Services in a research report on Monday, July 27th. Keefe, Bruyette & Woods increased their price objective on shares of Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.25.

Institutional Trading of Burke & Herbert Financial Services

Several large investors have recently bought and sold shares of the business. Endeavour Capital Advisors Inc. boosted its position in Burke & Herbert Financial Services by 22.0% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 125,323 shares of the company’s stock valued at $7,809,000 after buying an additional 22,601 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Burke & Herbert Financial Services during the first quarter worth $1,038,000. Vanguard Group Inc. lifted its stake in shares of Burke & Herbert Financial Services by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 779,800 shares of the company’s stock valued at $48,589,000 after acquiring an additional 14,358 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Burke & Herbert Financial Services by 46.1% in the 1st quarter. Empowered Funds LLC now owns 67,280 shares of the company’s stock valued at $4,191,000 after acquiring an additional 21,227 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Burke & Herbert Financial Services during the 4th quarter valued at $627,000.

Burke & Herbert Financial Services Company Profile

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.