Diane Poillon Purchases 1,200 Shares of Burke & Herbert Financial Services (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Diane Poillon purchased 1,200 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $73.67 per share, for a total transaction of $88,404.00. Following the acquisition, the director directly owned 4,128 shares of the company’s stock, valued at $304,109.76. This represents a 40.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Burke & Herbert Financial Services Stock Performance

BHRB opened at $73.15 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 11.72 and a beta of 0.57. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $70.37 and a 200-day simple moving average of $66.44. Burke & Herbert Financial Services Corp. has a fifty-two week low of $57.42 and a fifty-two week high of $75.08.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued 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 return on equity of 13.66% and a net margin of 18.86%.The business had revenue of $106.89 million for the quarter, compared to analysts’ expectations of $112.86 million. As a group, equities analysts predict that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

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 issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 14th. Burke & Herbert Financial Services’s payout ratio is presently 35.26%.

Institutional Trading of Burke & Herbert Financial Services

Institutional investors have recently made changes to their positions in the business. Endeavour Capital Advisors Inc. grew its stake in shares of Burke & Herbert Financial Services by 22.0% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 125,323 shares of the company’s stock valued at $7,809,000 after purchasing an additional 22,601 shares during the period. Principal Financial Group Inc. acquired a new stake in Burke & Herbert Financial Services in the 1st quarter valued at $1,038,000. Dimensional Fund Advisors LP boosted its stake in Burke & Herbert Financial Services by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock valued at $22,919,000 after buying an additional 49,957 shares in the last quarter. Vanguard Group Inc. grew its position in Burke & Herbert Financial Services by 1.9% in the fourth 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 period. Finally, Empowered Funds LLC grew its position in Burke & Herbert Financial Services by 46.1% in the first 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 period.

Analyst Ratings Changes

Several analysts have commented on BHRB shares. Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson set a $75.00 target price on shares of Burke & Herbert Financial Services in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Burke & Herbert Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Burke & Herbert Financial Services from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Burke & Herbert Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.25.

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.