Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $250,381.12 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle bought 3,652 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $68.56 per share, for a total transaction of $250,381.12. Following the transaction, the director now owns 236,807 shares of the company’s stock, valued at $16,235,487.92. The trade was a 1.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Burke & Herbert Financial Services Trading Up 1.3 %

Shares of Burke & Herbert Financial Services stock opened at $68.69 on Friday. The firm has a 50-day simple moving average of $63.74 and a two-hundred day simple moving average of $58.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. 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 declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.55 dividend. This is a boost from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.20 dividend on an annualized basis and a yield of 3.20%.

Analyst Ratings Changes

BHRB has been the topic of several recent research reports. DA Davidson began coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on Burke & Herbert Financial Services from $73.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 29th.

Institutional Trading of Burke & Herbert Financial Services

Several institutional investors have recently bought and sold shares of BHRB. Burke & Herbert Bank & Trust Co. raised its stake in shares of Burke & Herbert Financial Services by 50.6% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 308,251 shares of the company’s stock worth $15,715,000 after buying an additional 103,527 shares during the period. American Century Companies Inc. purchased a new position in Burke & Herbert Financial Services during the second quarter valued at $3,091,000. Rhumbline Advisers grew its position in shares of Burke & Herbert Financial Services by 126.9% in the second quarter. Rhumbline Advisers now owns 18,973 shares of the company’s stock valued at $967,000 after purchasing an additional 10,613 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Burke & Herbert Financial Services during the second quarter worth about $1,167,000. Finally, Bank of New York Mellon Corp raised its position in shares of Burke & Herbert Financial Services by 96.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,204 shares of the company’s stock worth $4,140,000 after purchasing an additional 39,769 shares during the last quarter.

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.