Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Free Report) – Research analysts at DA Davidson lifted their FY2025 EPS estimates for shares of Burke & Herbert Financial Services in a research note issued on Tuesday, January 28th. DA Davidson analyst M. Navas now expects that the company will post earnings of $8.05 per share for the year, up from their prior estimate of $7.55. DA Davidson currently has a “Buy” rating and a $76.00 price target on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last posted 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 6.55% and a return on equity of 12.83%.
View Our Latest Stock Analysis on BHRB
Burke & Herbert Financial Services Stock Up 1.1 %
Shares of NASDAQ:BHRB opened at $64.36 on Thursday. Burke & Herbert Financial Services has a 12 month low of $46.00 and a 12 month high of $75.32. The firm’s 50-day moving average is $64.80 and its 200 day moving average is $63.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15.
Institutional Trading of Burke & Herbert Financial Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHRB. Fourthstone LLC lifted its holdings in Burke & Herbert Financial Services by 29.3% during the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock valued at $24,250,000 after purchasing an additional 90,151 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Burke & Herbert Financial Services during the second quarter valued at $18,137,000. Geode Capital Management LLC lifted its holdings in Burke & Herbert Financial Services by 5.2% during the third quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock valued at $18,681,000 after purchasing an additional 15,092 shares in the last quarter. State Street Corp lifted its holdings in Burke & Herbert Financial Services by 9.9% during the third quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after purchasing an additional 26,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Burke & Herbert Financial Services by 190.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock worth $6,616,000 after buying an additional 71,105 shares in the last quarter.
Insider Transactions at Burke & Herbert Financial Services
In other Burke & Herbert Financial Services news, Director Shawn Patrick Mclaughlin acquired 555 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $69.35 per share, for a total transaction of $38,489.25. Following the completion of the purchase, the director now directly owns 61,000 shares of the company’s stock, valued at $4,230,350. The trade was a 0.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary L. Hinkle acquired 1,548 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the purchase, the director now directly owns 238,355 shares of the company’s stock, valued at approximately $16,327,317.50. This trade represents a 0.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 9,950 shares of company stock valued at $677,711. Company insiders own 9.65% of the company’s stock.
Burke & Herbert Financial Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.55 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.42%.
Burke & Herbert Financial Services Company Profile
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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