Swiss National Bank Grows Holdings in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Swiss National Bank increased its stake in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,400 shares of the company’s stock after buying an additional 300 shares during the period. Swiss National Bank owned about 0.18% of Burke & Herbert Financial Services worth $1,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BHRB. Quantbot Technologies LP bought a new position in shares of Burke & Herbert Financial Services during the third quarter worth about $118,000. Raymond James Financial Inc. acquired a new position in shares of Burke & Herbert Financial Services in the 4th quarter worth approximately $274,000. Truist Financial Corp bought a new stake in shares of Burke & Herbert Financial Services in the 4th quarter valued at approximately $340,000. SG Americas Securities LLC raised its position in shares of Burke & Herbert Financial Services by 49.8% during the 4th quarter. SG Americas Securities LLC now owns 7,591 shares of the company’s stock valued at $473,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Burke & Herbert Financial Services during the third quarter worth $526,000.

Insiders Place Their Bets

In other Burke & Herbert Financial Services news, Director Julian Forrest Jr. Barnwell purchased 1,140 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $58.38 per share, with a total value of $66,553.20. Following the acquisition, the director now owns 91,361 shares of the company’s stock, valued at $5,333,655.18. The trade was a 1.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shawn Patrick Mclaughlin acquired 1,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $63.00 per share, for a total transaction of $63,000.00. Following the purchase, the director now directly owns 62,000 shares in the company, valued at approximately $3,906,000. The trade was a 1.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 19,140 shares of company stock worth $1,195,743. 9.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $79.00 to $76.00 in a report on Monday, January 27th.

Burke & Herbert Financial Services Trading Down 2.2 %

Shares of NASDAQ BHRB opened at $55.97 on Friday. Burke & Herbert Financial Services Corp. has a 12-month low of $46.00 and a 12-month high of $75.32. The company has a market cap of $838.60 million and a price-to-earnings ratio of 23.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $63.43.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Equities research analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.93%. Burke & Herbert Financial Services’s payout ratio is 91.67%.

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.