Burke & Herbert Financial Services (BHRB) to Release Earnings on Friday

Burke & Herbert Financial Services (NASDAQ:BHRB) is expected to announce its earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $1.77 per share for the quarter.

Burke & Herbert Financial Services Trading Down 2.6 %

NASDAQ BHRB opened at $61.11 on Thursday. The stock’s 50-day moving average price is $65.50 and its 200-day moving average price is $63.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services has a 52 week low of $46.00 and a 52 week high of $75.32.

Insider Buying and Selling

In other Burke & Herbert Financial Services news, Director Julian Forrest Jr. Barnwell bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $68.75 per share, with a total value of $206,250.00. Following the completion of the acquisition, the director now owns 182,939 shares in the company, valued at $12,577,056.25. This trade represents a 1.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary L. Hinkle purchased 1,548 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the transaction, the director now directly owns 238,355 shares of the company’s stock, valued at $16,327,317.50. The trade was a 0.65 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,950 shares of company stock worth $614,711. 9.65% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They set a “buy” rating and a $76.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.