Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Free Report) – Stock analysts at DA Davidson lifted their FY2025 earnings per share estimates for Burke & Herbert Financial Services in a research report issued on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the company will post earnings per share of $8.05 for the year, up from their previous estimate of $7.55. DA Davidson has a “Buy” rating and a $76.00 price target on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.
Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $79.00 to $76.00 in a research report on Monday.
Burke & Herbert Financial Services Trading Up 0.8 %
Shares of BHRB opened at $63.67 on Thursday. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $64.88 and its 200-day simple moving average is $63.93. The company has a market cap of $953.01 million and a P/E ratio of 26.53.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last released its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 12.83% and a net margin of 6.55%.
Burke & Herbert Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 3.46%. Burke & Herbert Financial Services’s payout ratio is 91.67%.
Insider Transactions at Burke & Herbert Financial Services
In other news, Director Shawn Patrick Mclaughlin acquired 555 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $69.35 per share, for a total transaction of $38,489.25. Following the completion of the acquisition, the director now directly owns 61,000 shares of the company’s stock, valued at $4,230,350. The trade was a 0.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julian Forrest Jr. Barnwell bought 3,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $68.75 per share, for a total transaction 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 represents a 1.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 8,950 shares of company stock worth $614,711. 9.65% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Burke & Herbert Financial Services
Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP purchased a new position in Burke & Herbert Financial Services during the second quarter valued at approximately $18,137,000. Marshall Wace LLP bought a new stake in Burke & Herbert Financial Services during the 2nd quarter valued at $427,000. The Manufacturers Life Insurance Company purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter valued at $259,000. Truist Financial Corp purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter valued at $202,000. Finally, SG Americas Securities LLC raised its position in shares of Burke & Herbert Financial Services by 113.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,067 shares of the company’s stock worth $309,000 after acquiring an additional 2,696 shares in the last quarter.
Burke & Herbert Financial Services Company Profile
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.
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