Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell Acquires 2,000 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $60.50 per share, with a total value of $121,000.00. Following the completion of the transaction, the director now owns 203,939 shares in the company, valued at $12,338,309.50. The trade was a 0.99 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell bought 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost 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 acquired 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 acquired at an average cost 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 bought at an average cost of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Stock Down 1.5 %

Shares of Burke & Herbert Financial Services stock opened at $60.14 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $62.28 and a 200 day moving average price of $64.17. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32. The firm has a market cap of $900.18 million and a P/E ratio of 25.06.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%. On average, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.66%. Burke & Herbert Financial Services’s 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 research note on Monday, January 27th.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of institutional investors have recently modified their holdings of BHRB. Vanguard Group Inc. boosted its stake in Burke & Herbert Financial Services by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock valued at $45,658,000 after acquiring an additional 22,559 shares during the period. Fourthstone LLC boosted its position in Burke & Herbert Financial Services by 14.3% during the 4th quarter. Fourthstone LLC now owns 454,526 shares of the company’s stock valued at $28,344,000 after purchasing an additional 56,928 shares during the period. Geode Capital Management LLC grew 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 worth $18,681,000 after buying an additional 15,092 shares during the last quarter. State Street Corp increased its position in Burke & Herbert Financial Services by 9.9% in the third quarter. State Street Corp now owns 289,576 shares of the company’s stock worth $17,661,000 after buying an additional 26,191 shares during the period. Finally, Northern Trust Corp increased its position in Burke & Herbert Financial Services by 5.1% in the fourth quarter. Northern Trust Corp now owns 130,117 shares of the company’s stock worth $8,114,000 after buying an additional 6,313 shares during the period.

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.