JPMorgan Chase & Co. Purchases 27,490 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

JPMorgan Chase & Co. increased its position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRBFree Report) by 481.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,199 shares of the company’s stock after acquiring an additional 27,490 shares during the period. JPMorgan Chase & Co. owned about 0.22% of Burke & Herbert Financial Services worth $2,025,000 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 company. Fourthstone LLC grew its position in shares of Burke & Herbert Financial Services by 29.3% in the 3rd quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after buying an additional 90,151 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter valued at about $18,137,000. Geode Capital Management LLC grew its position in shares of Burke & Herbert Financial Services by 5.2% in 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 during the last quarter. State Street Corp grew its position in shares of Burke & Herbert Financial Services by 9.9% in the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after buying an additional 26,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after buying an additional 71,105 shares during the last quarter.

Insider Activity at Burke & Herbert Financial Services

In other Burke & Herbert Financial Services news, Director Shawn Patrick Mclaughlin bought 555 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $69.35 per share, for a total transaction of $38,489.25. Following the transaction, the director now directly owns 61,000 shares in the company, valued at approximately $4,230,350. This trade represents a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary L. Hinkle purchased 3,652 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $68.56 per share, for a total transaction of $250,381.12. Following the completion of the purchase, the director now owns 236,807 shares in the company, valued at $16,235,487.92. This trade represents a 1.57 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,950 shares of company stock worth $614,711 in the last 90 days. Corporate insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Stock Performance

Shares of Burke & Herbert Financial Services stock opened at $61.11 on Thursday. 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. The stock’s 50-day moving average is $65.50 and its 200 day moving average is $63.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BHRB shares. Keefe, Bruyette & Woods upped their price target on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson started coverage on Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price target on the stock.

View Our Latest Report on BHRB

Burke & Herbert Financial Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Burke & Herbert Financial Services (NASDAQ:BHRB)

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