Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys $38,489.25 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Shawn Patrick Mclaughlin bought 555 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $69.35 per share, for a total transaction of $38,489.25. Following the purchase, the director now owns 61,000 shares in the company, valued at $4,230,350. This represents a 0.92 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shawn Patrick Mclaughlin also recently made the following trade(s):

• On Thursday, December 5th, Shawn Patrick Mclaughlin purchased 195 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $69.50 per share, for a total transaction of $13,552.50.

Burke & Herbert Financial Services Stock Performance

BHRB stock traded up $0.18 during mid-day trading on Monday, hitting $70.28. The company had a trading volume of 12,609 shares, compared to its average volume of 37,121. The company has a 50-day moving average price of $65.09 and a 200 day moving average price of $60.22. Burke & Herbert Financial Services Corp. has a 12-month low of $46.00 and a 12-month high of $75.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

Burke & Herbert Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change 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 3.13%.

Analysts Set New Price Targets

Several analysts recently issued reports on BHRB shares. DA Davidson started coverage on Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They set a “buy” rating and a $76.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Burke & Herbert Financial Services during the 3rd quarter valued at approximately $526,000. Barclays PLC raised its stake in Burke & Herbert Financial Services by 204.0% during the third quarter. Barclays PLC now owns 22,225 shares of the company’s stock valued at $1,357,000 after purchasing an additional 14,915 shares in the last quarter. Mittelman Wealth Management bought a new position in Burke & Herbert Financial Services during the third quarter valued at $659,000. Geode Capital Management LLC grew its stake in shares of Burke & Herbert Financial Services by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock worth $18,681,000 after buying an additional 15,092 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Burke & Herbert Financial Services by 6.9% in the 3rd quarter. Jane Street Group LLC now owns 18,772 shares of the company’s stock worth $1,145,000 after buying an additional 1,218 shares during the last quarter.

About Burke & Herbert Financial Services

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.