What is DA Davidson’s Estimate for BHRB Q1 Earnings?

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for Burke & Herbert Financial Services in a report released on Tuesday, January 28th. DA Davidson analyst M. Navas anticipates that the company will post earnings of $1.78 per share for the quarter. 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.

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

Burke & Herbert Financial Services Stock Up 0.8 %

Shares of BHRB stock opened at $63.67 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $64.88 and its 200 day moving average is $63.93. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) 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 return on equity of 12.83% and a net margin of 6.55%.

Institutional Trading of Burke & Herbert Financial Services

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Burke & Herbert Financial Services by 49.8% during the fourth quarter. SG Americas Securities LLC now owns 7,591 shares of the company’s stock valued at $473,000 after purchasing an additional 2,524 shares in the last quarter. JPMorgan Chase & Co. raised its position in Burke & Herbert Financial Services by 481.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after buying an additional 27,490 shares during the last quarter. Virtu Financial LLC bought a new position in Burke & Herbert Financial Services during the 3rd quarter valued at about $526,000. Barclays PLC boosted its holdings in shares of Burke & Herbert Financial Services by 204.0% during the 3rd quarter. Barclays PLC now owns 22,225 shares of the company’s stock valued at $1,357,000 after acquiring an additional 14,915 shares during the last quarter. Finally, Mittelman Wealth Management bought a new stake in shares of Burke & Herbert Financial Services in the third quarter worth $659,000.

Insider Activity at Burke & Herbert Financial Services

In other news, Director Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $68.75 per share, with a total value of $206,250.00. Following the completion of the transaction, the director now directly owns 182,939 shares of the company’s stock, valued at approximately $12,577,056.25. The trade was a 1.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary L. Hinkle acquired 1,548 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $68.50 per share, with a total value of $106,038.00. Following the completion of the acquisition, the director now owns 238,355 shares in the company, valued at $16,327,317.50. The trade was a 0.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 8,950 shares of company stock valued at $614,711 in the last 90 days. Corporate insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, February 14th.

About Burke & Herbert Financial Services

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.