Research Analysts Offer Predictions for BHRB FY2025 Earnings

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Investment analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Burke & Herbert Financial Services in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the company will post earnings of $7.55 per share for the year, down from their previous estimate of $7.65. DA Davidson currently has a “Buy” rating and a $76.00 target price on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods upped their price target 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, December 4th.

Burke & Herbert Financial Services Price Performance

BHRB stock opened at $64.20 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 stock has a market cap of $960.95 million and a price-to-earnings ratio of 8.35. The business has a fifty day moving average of $67.05 and a two-hundred day moving average of $61.34. Burke & Herbert Financial Services has a 52-week low of $46.00 and a 52-week high of $75.32.

Burke & Herbert Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 28.61%.

Insiders Place Their Bets

In other Burke & Herbert Financial Services news, Director Julian Forrest Jr. Barnwell acquired 3,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $68.75 per share, for a total transaction of $206,250.00. Following the completion of the purchase, the director now owns 182,939 shares in the company, valued at $12,577,056.25. This trade represents a 1.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary L. Hinkle purchased 1,548 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $68.50 per share, for a total transaction of $106,038.00. Following the acquisition, the director now owns 238,355 shares of the company’s stock, valued at approximately $16,327,317.50. The trade was a 0.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 8,950 shares of company stock valued at $614,711 in the last ninety days. Insiders own 9.65% of the company’s stock.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several large investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter valued at approximately $29,000. Quadrature Capital Ltd increased its holdings in Burke & Herbert Financial Services by 4.8% in the third quarter. Quadrature Capital Ltd now owns 12,309 shares of the company’s stock valued at $750,000 after buying an additional 566 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Burke & Herbert Financial Services by 6.9% during the 3rd quarter. Jane Street Group LLC now owns 18,772 shares of the company’s stock worth $1,145,000 after acquiring an additional 1,218 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Burke & Herbert Financial Services by 6.9% during the second quarter. Moors & Cabot Inc. now owns 28,872 shares of the company’s stock worth $1,472,000 after purchasing an additional 1,851 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Burke & Herbert Financial Services in the third quarter valued at $118,000.

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.