Julian Forrest Jr. Barnwell Buys 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 company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $61.75 per share, with a total value of $123,500.00. Following the acquisition, the director now owns 197,939 shares in the company, valued at $12,222,733.25. The trade was a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB opened at $62.36 on Friday. The company has a market capitalization of $933.40 million and a PE ratio of 25.98. The company has a 50 day simple moving average of $62.48 and a two-hundred day simple moving average of $64.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Research analysts anticipate that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 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%.

Wall Street Analyst Weigh In

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

Institutional Trading of Burke & Herbert Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHRB. Sterling Capital Management LLC grew its position in shares of Burke & Herbert Financial Services by 841.3% during the 4th quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after buying an additional 387 shares during the period. Tower Research Capital LLC TRC grew its position in shares of 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 worth $84,000 after buying an additional 936 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth approximately $156,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth approximately $218,000.

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.