Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Get Free Report)’s share price rose 6.9% during mid-day trading on Tuesday . The stock traded as high as $64.99 and last traded at $64.56. Approximately 16,625 shares changed hands during trading, a decline of 32% from the average daily volume of 24,372 shares. The stock had previously closed at $60.41.
Burke & Herbert Financial Services Trading Up 0.5 %
The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.13. The company’s fifty day simple moving average is $51.16 and its 200-day simple moving average is $53.63.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last issued its earnings results on Friday, May 10th. The company reported $0.69 earnings per share (EPS) for the quarter. Burke & Herbert Financial Services had a net margin of 12.04% and a return on equity of 6.82%. The company had revenue of $26.39 million for the quarter.
Insider Activity
Institutional Investors Weigh In On Burke & Herbert Financial Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its stake in Burke & Herbert Financial Services by 1,666.0% during the 2nd quarter. Fortitude Family Office LLC now owns 936 shares of the company’s stock worth $48,000 after purchasing an additional 883 shares during the last quarter. SG Americas Securities LLC boosted its stake in Burke & Herbert Financial Services by 52.3% during the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock worth $249,000 after purchasing an additional 1,359 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in Burke & Herbert Financial Services during the 2nd quarter worth $280,000. Quadrature Capital Ltd acquired a new position in shares of Burke & Herbert Financial Services during the 1st quarter valued at about $392,000. Finally, Fifth Third Bancorp acquired a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at about $1,167,000.
About Burke & Herbert Financial Services
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.
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