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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $61.75 per share, with a total value of $123,500.00. Following the acquisition, the director now owns 197,939 shares of the company’s stock, valued at approximately $12,222,733.25. This trade represents a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, February 21st, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The stock was bought 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 acquired 5,000 shares of Burke & Herbert Financial Services stock. The shares were bought 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 acquired at an average price of $68.75 per share, for a total transaction of $206,250.00.

Burke & Herbert Financial Services Stock Performance

Shares of NASDAQ:BHRB opened at $62.23 on Friday. Burke & Herbert Financial Services Corp. has a 1-year low of $46.00 and a 1-year 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 stock has a market capitalization of $931.58 million and a P/E ratio of 25.93. The business has a 50-day moving average price of $62.52 and a two-hundred day moving average price of $64.16.

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 analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Equities analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, February 14th. Burke & Herbert Financial Services’s payout ratio is 91.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BHRB. Barclays PLC increased its position in shares of Burke & Herbert Financial Services by 204.0% during the third quarter. Barclays PLC now owns 22,225 shares of the company’s stock worth $1,357,000 after buying an additional 14,915 shares during the period. State Street Corp lifted its holdings in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Burke & Herbert Financial Services in the third quarter valued at approximately $1,005,000. Geode Capital Management LLC raised its holdings 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 buying an additional 15,092 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Burke & Herbert Financial Services by 481.5% during the third quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock valued at $2,025,000 after buying an additional 27,490 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $79.00 to $76.00 in a research report on Monday, January 27th.

About Burke & Herbert Financial Services

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.