Julian Forrest Jr. Barnwell Purchases 3,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $68.75 per share, for a total transaction of $206,250.00. Following the completion of the transaction, the director now directly owns 182,939 shares of the company’s stock, valued at $12,577,056.25. The trade was a 1.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Burke & Herbert Financial Services Stock Down 0.5 %

BHRB stock opened at $69.16 on Friday. The company has a market cap of $1.04 billion and a price-to-earnings ratio of 8.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day moving average is $66.19 and its two-hundred day moving average is $60.80. Burke & Herbert Financial Services Corp. has a fifty-two week low of $46.00 and a fifty-two week high of $75.32.

Burke & Herbert Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. Burke & Herbert Financial Services’s dividend payout ratio is 28.61%.

Institutional Trading of Burke & Herbert Financial Services

Large investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new position in Burke & Herbert Financial Services in the second quarter worth approximately $29,000. LSV Asset Management bought a new position in Burke & Herbert Financial Services in the 2nd quarter worth $108,000. Quantbot Technologies LP purchased a new position in Burke & Herbert Financial Services during the third quarter valued at $118,000. Truist Financial Corp bought a new stake in Burke & Herbert Financial Services during the second quarter valued at about $202,000. Finally, TIAA Trust National Association purchased a new stake in Burke & Herbert Financial Services in the second quarter worth about $213,000.

Analysts Set New Price Targets

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

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.