Marshall Wace LLP Acquires Shares of 8,384 Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Marshall Wace LLP acquired a new position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,384 shares of the company’s stock, valued at approximately $427,000. Marshall Wace LLP owned approximately 0.06% of Burke & Herbert Financial Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter worth about $29,000. Fortitude Family Office LLC raised its holdings in Burke & Herbert Financial Services by 1,666.0% in the 2nd quarter. Fortitude Family Office LLC now owns 936 shares of the company’s stock worth $48,000 after acquiring an additional 883 shares during the last quarter. LSV Asset Management bought a new position in Burke & Herbert Financial Services in the 2nd quarter valued at approximately $108,000. TIAA Trust National Association purchased a new stake in Burke & Herbert Financial Services during the 2nd quarter valued at $213,000. Finally, Burney Co. bought a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter worth $246,000.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on Burke & Herbert Financial Services from $66.00 to $73.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Insider Transactions at Burke & Herbert Financial Services

In other Burke & Herbert Financial Services news, Director Gary L. Hinkle acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $68.09 per share, for a total transaction of $340,450.00. Following the acquisition, the director now directly owns 233,155 shares in the company, valued at $15,875,523.95. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Stock Down 0.3 %

NASDAQ BHRB opened at $57.32 on Friday. The company has a market capitalization of $851.09 million and a P/E ratio of 7.03. Burke & Herbert Financial Services Corp. has a 52 week low of $42.91 and a 52 week high of $70.00. The stock’s 50-day moving average price is $62.53 and its 200-day moving average price is $56.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Friday, July 26th. The company reported $2.04 earnings per share for the quarter. Burke & Herbert Financial Services had a positive return on equity of 9.96% and a negative net margin of 1.10%. The firm had revenue of $69.27 million during the quarter.

Burke & Herbert Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.12 annualized dividend and a yield of 3.70%. Burke & Herbert Financial Services’s payout ratio is presently 26.01%.

About Burke & Herbert Financial Services

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.