Burke & Herbert Financial Services (NASDAQ:BHRB) Director Jill Upson Sells 1,112 Shares of Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jill Upson sold 1,112 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $63.30, for a total value of $70,389.60. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $126,600. The trade was a 35.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Burke & Herbert Financial Services Trading Up 0.4%

Shares of BHRB stock opened at $63.46 on Friday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 8.23 and a beta of 0.74. Burke & Herbert Financial Services Corp. has a twelve month low of $54.45 and a twelve month high of $70.90. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $63.17 and its 200 day simple moving average is $64.30.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Thursday, April 23rd. The company reported $1.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.87. The business had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $86.50 million. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%. As a group, sell-side analysts predict that Burke & Herbert Financial Services Corp. will post 8.33 EPS for the current fiscal year.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, May 15th. Burke & Herbert Financial Services’s dividend payout ratio is presently 28.53%.

Analyst Upgrades and Downgrades

BHRB has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Friday, May 8th. Citigroup downgraded Burke & Herbert Financial Services to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research lowered Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. DA Davidson reiterated a “neutral” rating and issued a $70.00 target price on shares of Burke & Herbert Financial Services in a report on Monday, April 27th. Finally, Loop Capital set a $74.00 target price on shares of Burke & Herbert Financial Services in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Burke & Herbert Financial Services has an average rating of “Moderate Buy” and a consensus price target of $71.40.

Institutional Trading of Burke & Herbert Financial Services

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Burke & Herbert Financial Services by 68.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 164,263 shares of the company’s stock valued at $10,235,000 after acquiring an additional 66,778 shares during the period. Bridgeway Capital Management LLC increased its stake in Burke & Herbert Financial Services by 235.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 81,653 shares of the company’s stock valued at $5,088,000 after purchasing an additional 57,306 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Burke & Herbert Financial Services by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 367,948 shares of the company’s stock valued at $22,919,000 after purchasing an additional 49,957 shares during the period. Endeavour Capital Advisors Inc. raised its holdings in shares of Burke & Herbert Financial Services by 65.9% during the third quarter. Endeavour Capital Advisors Inc. now owns 102,722 shares of the company’s stock valued at $6,337,000 after purchasing an additional 40,809 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Burke & Herbert Financial Services by 122.0% during the 4th quarter. Empowered Funds LLC now owns 46,053 shares of the company’s stock worth $2,870,000 after purchasing an additional 25,306 shares in the last quarter.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.