Short Interest in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Grows By 7.4%

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 82,600 shares, a growth of 7.4% from the May 31st total of 76,900 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 3.0 days.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Gary L. Hinkle purchased 613 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $49.65 per share, for a total transaction of $30,435.45. Following the completion of the transaction, the director now owns 216,071 shares of the company’s stock, valued at $10,727,925.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gary L. Hinkle acquired 613 shares of the stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $49.65 per share, for a total transaction of $30,435.45. Following the completion of the transaction, the director now directly owns 216,071 shares in the company, valued at $10,727,925.15. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary L. Hinkle bought 600 shares of Burke & Herbert Financial Services stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of $50.23 per share, for a total transaction of $30,138.00. Following the acquisition, the director now owns 219,450 shares in the company, valued at approximately $11,022,973.50. The disclosure for this purchase can be found here. Insiders purchased 8,730 shares of company stock valued at $431,321 in the last three months. Corporate insiders own 9.65% of the company’s stock.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several large investors have recently bought and sold shares of BHRB. Vanguard Group Inc. increased its stake in shares of Burke & Herbert Financial Services by 1.4% in the first quarter. Vanguard Group Inc. now owns 341,705 shares of the company’s stock valued at $19,146,000 after buying an additional 4,574 shares during the period. Quadrature Capital Ltd acquired a new position in Burke & Herbert Financial Services in the 1st quarter valued at approximately $392,000. Finally, SG Americas Securities LLC raised its stake in shares of Burke & Herbert Financial Services by 52.3% during the fourth quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock valued at $249,000 after acquiring an additional 1,359 shares during the last quarter.

Burke & Herbert Financial Services Stock Performance

NASDAQ BHRB traded down $0.86 during trading on Tuesday, hitting $48.92. 25,476 shares of the company’s stock were exchanged, compared to its average volume of 22,607. The stock’s 50 day moving average price is $50.01 and its two-hundred day moving average price is $54.38. Burke & Herbert Financial Services has a fifty-two week low of $42.91 and a fifty-two week high of $67.53. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.13.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.69 EPS for the quarter. The business had revenue of $26.39 million during the quarter. Burke & Herbert Financial Services had a net margin of 12.04% and a return on equity of 6.82%.

Burke & Herbert Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.53 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.12 dividend on an annualized basis and a yield of 4.33%.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.