Julian Forrest Jr. Barnwell Purchases 2,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $60.50 per share, for a total transaction of $121,000.00. Following the completion of the acquisition, the director now owns 203,939 shares of the company’s stock, valued at $12,338,309.50. This trade represents a 0.99 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 26th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average cost of $62.50 per share, for a total transaction of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $63.75 per share, with a total value of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Price Performance

Shares of BHRB opened at $60.29 on Friday. The company has a market cap of $902.42 million and a price-to-earnings ratio of 25.12. Burke & Herbert Financial Services Corp. has a twelve month low of $46.00 and a twelve 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. The company has a 50 day moving average of $62.24 and a two-hundred day moving average of $64.15.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings data on Friday, January 24th. The company reported $1.77 EPS for the quarter, hitting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. As a group, analysts predict that Burke & Herbert Financial Services Corp. will post 8.05 earnings per share for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 3.65%. Burke & Herbert Financial Services’s payout ratio is currently 91.67%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after buying an additional 387 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Burke & Herbert Financial Services by 227.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company’s stock worth $84,000 after buying an additional 936 shares during the period. Quantbot Technologies LP purchased a new position in shares of Burke & Herbert Financial Services during the third quarter worth $118,000. KLP Kapitalforvaltning AS purchased a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth $156,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Burke & Herbert Financial Services during the fourth quarter worth $218,000.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $79.00 to $76.00 in a research note on Monday, January 27th.

Burke & Herbert Financial Services Company Profile

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.