Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin Acquires 1,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin bought 1,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $63.00 per share, for a total transaction of $63,000.00. Following the completion of the acquisition, the director now directly owns 62,000 shares of the company’s stock, valued at $3,906,000. This trade represents a 1.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shawn Patrick Mclaughlin also recently made the following trade(s):

• On Monday, December 9th, Shawn Patrick Mclaughlin bought 555 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $69.35 per share, for a total transaction of $38,489.25.
• On Thursday, December 5th, Shawn Patrick Mclaughlin bought 195 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $69.50 per share, for a total transaction of $13,552.50.

Burke & Herbert Financial Services Trading Up 1.5 %

Shares of BHRB stock traded up $0.93 during trading hours on Thursday, reaching $64.60. The stock had a trading volume of 2,371 shares, compared to its average volume of 28,976. The firm has a 50-day simple moving average of $64.88 and a 200-day simple moving average of $63.93. 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 Corp. has a twelve month low of $46.00 and a twelve month high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 6.55% and a return on equity of 12.83%. Sell-side analysts anticipate that Burke & Herbert Financial Services Corp. will post 6.9 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.41%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of large investors have recently made changes to their positions in the company. Fourthstone LLC increased its holdings in shares of Burke & Herbert Financial Services by 29.3% in the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after purchasing an additional 90,151 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at about $18,137,000. Geode Capital Management LLC boosted its stake in Burke & Herbert Financial Services by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after purchasing an additional 15,092 shares during the period. State Street Corp boosted its stake in Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after purchasing an additional 26,191 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Burke & Herbert Financial Services by 190.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after purchasing an additional 71,105 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $79.00 to $76.00 in a report on Monday.

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.