Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin Acquires 1,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $63.00 per share, for a total transaction of $63,000.00. Following the acquisition, the director now owns 62,000 shares of the company’s stock, valued at $3,906,000. This represents a 1.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shawn Patrick Mclaughlin also recently made the following trade(s):

• On Monday, December 9th, Shawn Patrick Mclaughlin acquired 555 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $69.35 per share, with a total value of $38,489.25.
• On Thursday, December 5th, Shawn Patrick Mclaughlin acquired 195 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $69.50 per share, with a total value of $13,552.50.

Burke & Herbert Financial Services Price Performance

Burke & Herbert Financial Services stock traded up $0.93 during trading on Thursday, reaching $64.60. The company had a trading volume of 2,371 shares, compared to its average volume of 28,976. Burke & Herbert Financial Services Corp. has a 12-month low of $46.00 and a 12-month high of $75.32. The stock’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $63.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 6.55% and a return on equity of 12.83%. As a group, sell-side analysts forecast that Burke & Herbert Financial Services Corp. will post 6.9 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.41%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BHRB. Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $79.00 to $76.00 in a report on Monday. DA Davidson began coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 target price for the company.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several institutional investors have recently bought and sold shares of BHRB. Quadrature Capital Ltd boosted its stake in shares of Burke & Herbert Financial Services by 4.8% in the third quarter. Quadrature Capital Ltd now owns 12,309 shares of the company’s stock valued at $750,000 after purchasing an additional 566 shares during the period. Jane Street Group LLC raised its holdings in Burke & Herbert Financial Services by 6.9% in the third quarter. Jane Street Group LLC now owns 18,772 shares of the company’s stock valued at $1,145,000 after acquiring an additional 1,218 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Burke & Herbert Financial Services in the third quarter valued at $118,000. SG Americas Securities LLC raised its holdings in Burke & Herbert Financial Services by 49.8% in the fourth quarter. SG Americas Securities LLC now owns 7,591 shares of the company’s stock valued at $473,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in Burke & Herbert Financial Services in the second quarter valued at $202,000.

Burke & Herbert Financial Services Company Profile

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.