Analysts Set Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) PT at $72.40

Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $72.40.

Several research analysts have issued reports on the stock. Freedom Capital cut shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research cut shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Citigroup downgraded shares of Burke & Herbert Financial Services to a “hold” rating in a research note on Wednesday, February 25th. Loop Capital set a $74.00 price objective on shares of Burke & Herbert Financial Services in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Monday, December 29th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Large investors have recently added to or reduced their stakes in the company. Fourthstone LLC boosted its holdings in shares of Burke & Herbert Financial Services by 430.0% in the 2nd quarter. Fourthstone LLC now owns 113,508 shares of the company’s stock valued at $6,780,000 after buying an additional 92,091 shares in the last quarter. American Century Companies Inc. boosted its stake in Burke & Herbert Financial Services by 135.6% in the second quarter. American Century Companies Inc. now owns 122,649 shares of the company’s stock valued at $7,326,000 after acquiring an additional 70,582 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Burke & Herbert Financial Services by 68.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock worth $10,235,000 after purchasing an additional 66,778 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Burke & Herbert Financial Services by 235.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock valued at $5,088,000 after purchasing an additional 57,306 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. lifted its holdings in shares of Burke & Herbert Financial Services by 65.9% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company’s stock valued at $6,337,000 after purchasing an additional 40,809 shares during the last quarter.

Burke & Herbert Financial Services Trading Up 0.2%

Shares of NASDAQ BHRB opened at $62.48 on Friday. Burke & Herbert Financial Services has a twelve month low of $47.57 and a twelve month high of $70.90. The firm has a market cap of $939.70 million, a PE ratio of 8.09 and a beta of 0.98. The business has a fifty day simple moving average of $64.85 and a two-hundred day simple moving average of $63.56. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.07. The business had revenue of $86.56 million for the quarter, compared to the consensus estimate of $80.72 million. Burke & Herbert Financial Services had a return on equity of 14.79% and a net margin of 23.89%. Analysts expect that Burke & Herbert Financial Services will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 28.50%.

About Burke & Herbert Financial Services

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.