Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $13,552.50 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin acquired 195 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $69.50 per share, for a total transaction of $13,552.50. Following the completion of the transaction, the director now owns 60,445 shares of the company’s stock, valued at $4,200,927.50. The trade was a 0.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Burke & Herbert Financial Services Stock Down 0.1 %

Shares of BHRB stock opened at $70.10 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. Burke & Herbert Financial Services Corp. has a one year low of $46.00 and a one year high of $75.32. The company’s 50-day moving average is $65.09 and its 200 day moving average is $60.15.

Burke & Herbert Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, November 15th. This represents a $2.20 annualized dividend and a yield of 3.14%. This is a boost from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53.

Analyst Ratings Changes

Several analysts have issued reports on BHRB shares. Keefe, Bruyette & Woods upped their target price on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a research note on Wednesday. DA Davidson initiated coverage on 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC increased its position in Burke & Herbert Financial Services by 29.3% during the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after acquiring an additional 90,151 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter worth approximately $18,137,000. Vanguard Group Inc. lifted its holdings in Burke & Herbert Financial Services by 1.4% during the first quarter. Vanguard Group Inc. now owns 341,705 shares of the company’s stock valued at $19,146,000 after purchasing an additional 4,574 shares in the last quarter. Burke & Herbert Bank & Trust Co. boosted its position in shares of Burke & Herbert Financial Services by 50.6% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 308,251 shares of the company’s stock worth $15,715,000 after purchasing an additional 103,527 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.