Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Shareholders to Collect $0.55 Quarterly Dividend

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.55 per share on Tuesday, December 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, November 13th.

Burke & Herbert Financial Services has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Burke & Herbert Financial Services to earn $8.78 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 Performance

NASDAQ BHRB opened at $71.73 on Friday. The stock has a 50-day moving average of $70.52 and a two-hundred day moving average of $68.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. Burke & Herbert Financial Services has a 1-year low of $58.01 and a 1-year high of $75.08. The company has a market cap of $1.45 billion, a P/E ratio of 11.50 and a beta of 0.58.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. The firm had revenue of $119.74 million during the quarter, compared to analysts’ expectations of $121.32 million. Burke & Herbert Financial Services had a net margin of 18.86% and a return on equity of 13.66%. As a group, analysts anticipate that Burke & Herbert Financial Services will post 8.09 EPS for the current year.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company, a community bank headquartered in Alexandria, Virginia. The bank traces its history to 1852 and serves consumers, businesses, nonprofit organizations and government-related entities in the Washington, DC, metropolitan region.

Burke & Herbert Bank provides traditional banking services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and business loans.