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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of $62.50 per share, with a total value of $125,000.00. Following the acquisition, the director now directly owns 189,939 shares of the company’s stock, valued at $11,871,187.50. This trade represents a 1.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, February 13th, Julian Forrest Jr. Barnwell acquired 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased 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 acquired 3,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB opened at $62.37 on Friday. The stock has a 50-day simple moving average of $62.93 and a two-hundred day simple moving average of $64.10. Burke & Herbert Financial Services Corp. has a 52-week low of $46.00 and a 52-week high of $75.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $933.68 million and a PE ratio of 25.99.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) 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%. Analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued 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 is presently 91.67%.

Institutional Trading of Burke & Herbert Financial Services

Several hedge funds have recently bought and sold shares of BHRB. Modera Wealth Management LLC bought a new stake in Burke & Herbert Financial Services during the third quarter valued at about $383,000. Verdence Capital Advisors LLC lifted its position in shares of Burke & Herbert Financial Services by 18.4% in the third quarter. Verdence Capital Advisors LLC now owns 51,500 shares of the company’s stock valued at $3,141,000 after acquiring an additional 8,000 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Burke & Herbert Financial Services in the third quarter valued at about $478,000. Charles Schwab Investment Management Inc. lifted its position in shares of Burke & Herbert Financial Services by 190.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after acquiring an additional 71,105 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Burke & Herbert Financial Services in the third quarter valued at about $118,000.

Wall Street Analysts Forecast Growth

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

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.