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

Barclays PLC raised its stake in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 204.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,225 shares of the company’s stock after purchasing an additional 14,915 shares during the period. Barclays PLC owned 0.15% of Burke & Herbert Financial Services worth $1,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BHRB. HHM Wealth Advisors LLC purchased a new stake in shares of Burke & Herbert Financial Services in the second quarter worth about $29,000. LSV Asset Management purchased a new stake in shares of Burke & Herbert Financial Services during the 2nd quarter worth approximately $108,000. Quantbot Technologies LP purchased a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth approximately $118,000. Truist Financial Corp bought a new position in shares of Burke & Herbert Financial Services during the 2nd quarter valued at approximately $202,000. Finally, TIAA Trust National Association purchased a new position in shares of Burke & Herbert Financial Services in the second quarter valued at $213,000.

Burke & Herbert Financial Services Price Performance

NASDAQ:BHRB opened at $62.44 on Friday. The firm has a market capitalization of $934.60 million and a price-to-earnings ratio of 8.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $67.13 and a 200-day simple moving average of $61.99. Burke & Herbert Financial Services Corp. has a 1 year low of $46.00 and a 1 year high of $75.32.

Burke & Herbert Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.55 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a yield of 3.52%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is currently 28.61%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. DA Davidson started 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 price target on the stock. Keefe, Bruyette & Woods upped 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 report on Wednesday, December 4th.

Burke & Herbert Financial Services 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.