Burke & Herbert Financial Services Corp. Declares Quarterly Dividend of $0.55 (NASDAQ:BHRB)

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.55 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th.

Burke & Herbert Financial Services has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Burke & Herbert Financial Services to earn $8.75 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 25.1%.

Burke & Herbert Financial Services Stock Down 0.3%

Burke & Herbert Financial Services stock opened at $70.77 on Friday. The company has a 50-day simple moving average of $67.08 and a 200-day simple moving average of $65.41. The firm has a market capitalization of $1.43 billion, a P/E ratio of 9.18 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. Burke & Herbert Financial Services has a one year low of $56.11 and a one year high of $73.69.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $106.90 million for the quarter, compared to analysts’ expectations of $112.86 million. Burke & Herbert Financial Services had a net margin of 24.04% and a return on equity of 14.46%. As a group, equities analysts expect that Burke & Herbert Financial Services will post 8.33 earnings per share for the current year.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.