Insider Buying: Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys 1,000 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $58.80 per share, with a total value of $58,800.00. Following the purchase, the director now directly owns 84,083 shares of the company’s stock, valued at $4,944,080.40. The trade was a 1.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Friday, March 7th, Julian Forrest Jr. Barnwell acquired 1,000 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $59.75 per share, for a total transaction of $59,750.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average cost of $60.50 per share, with a total value of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Performance

Shares of BHRB opened at $57.73 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day moving average price of $62.06 and a two-hundred day moving average price of $64.07. The firm has a market capitalization of $864.10 million and a P/E ratio of 24.05. Burke & Herbert Financial Services Corp. has a 52 week low of $46.00 and a 52 week high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. Equities analysts forecast that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio is currently 91.67%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $79.00 to $76.00 in a report on Monday, January 27th.

Institutional Trading of Burke & Herbert Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its holdings in shares of Burke & Herbert Financial Services by 841.3% in the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock valued at $27,000 after acquiring an additional 387 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Burke & Herbert Financial Services by 227.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock valued at $84,000 after acquiring an additional 936 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Burke & Herbert Financial Services in the third quarter valued at approximately $118,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Burke & Herbert Financial Services during the 4th quarter valued at $156,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Burke & Herbert Financial Services during the 4th quarter worth $218,000.

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.