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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased 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 approximately $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 is available at this link.

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

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

Burke & Herbert Financial Services Stock Performance

Shares of BHRB stock opened at $64.36 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services Corp. has a 12-month low of $46.00 and a 12-month high of $75.32. The business’s 50 day moving average is $64.80 and its two-hundred day moving average is $63.93.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting 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%. On average, equities analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BHRB shares. DA Davidson initiated coverage on shares of Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set 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 cut their price objective for the company from $79.00 to $76.00 in a report on Monday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new stake in Burke & Herbert Financial Services during the 2nd quarter worth approximately $18,137,000. Fourthstone LLC boosted its stake in shares of Burke & Herbert Financial Services by 29.3% in the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock worth $24,250,000 after acquiring an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Burke & Herbert Financial Services by 190.2% in 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of Burke & Herbert Financial Services by 481.5% in the third quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after buying an additional 27,490 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Burke & Herbert Financial Services by 9.9% during the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock worth $17,661,000 after purchasing an additional 26,191 shares during 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.