Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin Buys 250 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin acquired 250 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $59.50 per share, for a total transaction of $14,875.00. Following the purchase, the director now directly owns 58,750 shares in the company, valued at $3,495,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Burke & Herbert Financial Services Stock Down 2.2 %

BHRB traded down $1.38 on Monday, reaching $60.09. 68,339 shares of the company traded hands, compared to its average volume of 26,659. Burke & Herbert Financial Services Corp. has a one year low of $42.91 and a one year high of $70.00. The firm has a fifty day simple moving average of $53.20 and a two-hundred day simple moving average of $53.92. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.13.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings results on Friday, July 26th. The company reported $2.04 earnings per share (EPS) for the quarter. Burke & Herbert Financial Services had a positive return on equity of 13.11% and a negative net margin of 1.10%. The business had revenue of $69.27 million for the quarter.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.53%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Burke & Herbert Financial Services from $66.00 to $73.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in Burke & Herbert Financial Services by 1,666.0% during the second 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 lifted its stake in Burke & Herbert Financial Services by 52.3% in the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock valued at $249,000 after buying an additional 1,359 shares in the last quarter. TIAA Trust National Association purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter worth approximately $213,000. Burney Co. purchased a new stake in shares of Burke & Herbert Financial Services during the 2nd quarter valued at $246,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Burke & Herbert Financial Services during the 2nd quarter worth $280,000.

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.