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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $60.50 per share, for a total transaction of $121,000.00. Following the completion of the transaction, the director now directly owns 203,939 shares in the company, valued at approximately $12,338,309.50. The trade was a 0.99 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were bought 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 bought 5,000 shares of Burke & Herbert Financial Services stock. The shares were bought 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 Down 0.4 %

Burke & Herbert Financial Services stock opened at $61.06 on Thursday. The firm has a market cap of $913.95 million and a price-to-earnings ratio of 25.44. Burke & Herbert Financial Services Corp. has a 12 month low of $46.00 and a 12 month high of $75.32. 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 has a fifty day simple moving average of $62.36 and a two-hundred day simple moving average of $64.19.

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 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%. Equities analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was 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 Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $79.00 to $76.00 in a research report on Monday, January 27th.

Institutional Trading of Burke & Herbert Financial Services

A number of large investors have recently added to or reduced their stakes in BHRB. Sterling Capital Management LLC increased its stake in Burke & Herbert Financial Services by 841.3% in the 4th quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after acquiring an additional 387 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Burke & Herbert Financial Services by 227.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock worth $84,000 after acquiring an additional 936 shares during the last quarter. Quantbot Technologies LP bought a new stake in Burke & Herbert Financial Services in the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS bought a new stake in Burke & Herbert Financial Services in the 4th quarter worth approximately $156,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Burke & Herbert Financial Services in the 4th quarter worth approximately $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.