Burke & Herbert Financial Services (NASDAQ:BHRB) Given New $79.00 Price Target at Keefe, Bruyette & Woods

Burke & Herbert Financial Services (NASDAQ:BHRB) had its target price hoisted by Keefe, Bruyette & Woods from $72.00 to $79.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 14.29% from the company’s current price.

Separately, DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They set a “buy” rating and a $76.00 price objective for the company.

Burke & Herbert Financial Services Stock Down 0.3 %

BHRB stock traded down $0.22 during trading on Wednesday, hitting $69.12. The company had a trading volume of 28,881 shares, compared to its average volume of 37,087. The business has a 50-day moving average of $64.55 and a 200-day moving average of $59.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. Burke & Herbert Financial Services has a one year low of $46.00 and a one year high of $75.32.

Insiders Place Their Bets

In related news, Director Gary L. Hinkle bought 1,548 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the transaction, the director now directly owns 238,355 shares of the company’s stock, valued at approximately $16,327,317.50. The trade was a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.65% of the company’s stock.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of BHRB. HHM Wealth Advisors LLC acquired a new stake in shares of Burke & Herbert Financial Services in the 2nd quarter valued at about $29,000. LSV Asset Management bought a new position in shares of Burke & Herbert Financial Services in the 2nd quarter worth $108,000. Quantbot Technologies LP acquired a new stake in Burke & Herbert Financial Services in the 3rd quarter valued at $118,000. Truist Financial Corp bought a new stake in Burke & Herbert Financial Services during the 2nd quarter valued at $202,000. Finally, TIAA Trust National Association acquired a new position in Burke & Herbert Financial Services during the second quarter worth $213,000.

Burke & Herbert Financial Services Company Profile

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.