Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Purchases 2,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $61.75 per share, with a total value of $123,500.00. Following the transaction, the director now owns 197,939 shares in the company, valued at $12,222,733.25. This trade represents a 1.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Friday, February 21st, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell purchased 5,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ:BHRB opened at $62.36 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $62.48 and its two-hundred day simple moving average is $64.18. Burke & Herbert Financial Services Corp. has a 1-year low of $46.00 and a 1-year high of $75.32. The stock has a market cap of $933.40 million and a PE ratio of 25.98.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. As a group, analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 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 Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $79.00 to $76.00 in a research report on Monday, January 27th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in Burke & Herbert Financial Services by 841.3% during the 4th quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock valued at $27,000 after acquiring an additional 387 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Burke & Herbert Financial Services by 227.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock valued at $84,000 after acquiring an additional 936 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth $118,000. KLP Kapitalforvaltning AS bought a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth $156,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth $218,000.

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.