Barclays PLC Purchases 14,915 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Barclays PLC raised its position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 204.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,225 shares of the company’s stock after acquiring an additional 14,915 shares during the period. Barclays PLC owned approximately 0.15% of Burke & Herbert Financial Services worth $1,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BHRB. Rhumbline Advisers increased its position in Burke & Herbert Financial Services by 126.9% during the second quarter. Rhumbline Advisers now owns 18,973 shares of the company’s stock valued at $967,000 after acquiring an additional 10,613 shares during the last quarter. American Century Companies Inc. bought a new position in Burke & Herbert Financial Services during the second quarter valued at $3,091,000. Dimensional Fund Advisors LP bought a new position in Burke & Herbert Financial Services during the second quarter valued at $18,137,000. Renaissance Technologies LLC bought a new position in Burke & Herbert Financial Services during the second quarter valued at $2,827,000. Finally, Moors & Cabot Inc. increased its position 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 valued at $1,472,000 after acquiring an additional 1,851 shares during the last quarter.

Insider Activity

In other Burke & Herbert Financial Services news, Director Gary L. Hinkle purchased 1,548 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the acquisition, the director now owns 238,355 shares in the company, valued at $16,327,317.50. This represents a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julian Forrest Jr. Barnwell purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $68.75 per share, for a total transaction of $206,250.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders have purchased a total of 8,950 shares of company stock worth $614,711 over the last 90 days. 9.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a research note on Wednesday, October 16th. They set a “buy” rating and a $76.00 target price for the company.

Burke & Herbert Financial Services Stock Performance

BHRB stock opened at $56.61 on Monday. The firm has a market cap of $847.34 million and a price-to-earnings ratio of 7.36. The firm has a 50-day simple moving average of $66.47 and a two-hundred day simple moving average of $62.88. Burke & Herbert Financial Services Corp. has a one year low of $46.00 and a one year high of $75.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83.

Burke & Herbert Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, November 15th. This represents a $2.20 annualized dividend and a dividend yield of 3.89%. This is an increase from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. Burke & Herbert Financial Services’s dividend payout ratio is 28.61%.

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.