Equities Analysts Issue Forecasts for BHRB FY2025 Earnings

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Burke & Herbert Financial Services in a note issued to investors on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the company will post earnings of $8.05 per share for the year, up from their previous forecast of $7.55. DA Davidson currently has a “Buy” rating and a $76.00 target price on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods upgraded Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $79.00 to $76.00 in a research note on Monday.

Burke & Herbert Financial Services Stock Up 0.8 %

Shares of Burke & Herbert Financial Services stock opened at $63.67 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a market cap of $953.01 million and a price-to-earnings ratio of 26.53. The company’s 50 day moving average is $64.88 and its 200 day moving average is $63.93.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its 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 net margin of 6.55% and a return on equity of 12.83%.

Burke & Herbert Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s payout ratio is 91.67%.

Insider Buying and Selling at Burke & Herbert Financial Services

In other news, Director Shawn Patrick Mclaughlin bought 555 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $69.35 per share, for a total transaction of $38,489.25. Following the purchase, the director now owns 61,000 shares in the company, valued at $4,230,350. This represents a 0.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary L. Hinkle purchased 3,652 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $68.56 per share, with a total value of $250,381.12. Following the purchase, the director now directly owns 236,807 shares in the company, valued at $16,235,487.92. This represents a 1.57 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,950 shares of company stock valued at $614,711. Company insiders own 9.65% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fourthstone LLC raised its position in shares of Burke & Herbert Financial Services by 29.3% during the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after buying an additional 90,151 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Burke & Herbert Financial Services in the 2nd quarter valued at $18,137,000. Geode Capital Management LLC lifted its stake in Burke & Herbert Financial Services by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock worth $18,681,000 after purchasing an additional 15,092 shares in the last quarter. State Street Corp boosted its holdings in shares of Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after purchasing an additional 26,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Burke & Herbert Financial Services by 190.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after buying an additional 71,105 shares during the last quarter.

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.