Julian Forrest Jr. Barnwell Buys 5,000 Shares of Burke & Herbert Financial Services (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $62.76 per share, with a total value of $313,800.00. Following the transaction, the director directly owned 26,580 shares of the company’s stock, valued at approximately $1,668,160.80. This represents a 23.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Monday, May 11th, Julian Forrest Jr. Barnwell acquired 5,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average cost of $63.05 per share, with a total value of $315,250.00.

Burke & Herbert Financial Services Price Performance

Burke & Herbert Financial Services stock opened at $64.49 on Friday. Burke & Herbert Financial Services Corp. has a 52-week low of $55.40 and a 52-week high of $70.90. The firm has a fifty day moving average of $63.51 and a 200-day moving average of $64.46. The firm has a market capitalization of $1.30 billion, a P/E ratio of 8.36 and a beta of 0.69. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.87. Burke & Herbert Financial Services had a net margin of 24.04% and a return on equity of 14.46%. The company had revenue of $84.70 million during the quarter, compared to analyst estimates of $86.50 million. As a group, analysts predict that Burke & Herbert Financial Services Corp. will post 8.33 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 28.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BHRB shares. Zacks Research lowered shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Citigroup lowered shares of Burke & Herbert Financial Services to a “hold” rating in a report on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $70.00 price target on shares of Burke & Herbert Financial Services in a report on Monday, April 27th. Loop Capital set a $74.00 price target on shares of Burke & Herbert Financial Services in a report on Wednesday, February 25th. Finally, Freedom Capital raised shares of Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BHRB. Goldman Sachs Group Inc. grew its holdings in Burke & Herbert Financial Services by 68.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock worth $10,235,000 after acquiring an additional 66,778 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Burke & Herbert Financial Services by 235.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock worth $5,088,000 after acquiring an additional 57,306 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Burke & Herbert Financial Services by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock worth $22,919,000 after acquiring an additional 49,957 shares in the last quarter. Endeavour Capital Advisors Inc. grew its holdings in Burke & Herbert Financial Services by 65.9% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company’s stock worth $6,337,000 after acquiring an additional 40,809 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Burke & Herbert Financial Services by 122.0% during the 4th quarter. Empowered Funds LLC now owns 46,053 shares of the company’s stock worth $2,870,000 after acquiring an additional 25,306 shares in the last quarter.

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.