What is DA Davidson’s Forecast for BHRB FY2025 Earnings?

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – DA Davidson lowered their FY2025 earnings per share (EPS) estimates for Burke & Herbert Financial Services in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the company will earn $7.55 per share for the year, down from their prior forecast of $7.65. DA Davidson has a “Buy” rating and a $76.00 price objective on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods increased their price target on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Burke & Herbert Financial Services Stock Down 0.9 %

NASDAQ:BHRB opened at $64.30 on Friday. Burke & Herbert Financial Services has a fifty-two week low of $46.00 and a fifty-two week high of $75.32. The company’s 50-day simple moving average is $66.97 and its 200-day simple moving average is $61.24. 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 stock has a market capitalization of $962.44 million and a P/E ratio of 8.36.

Burke & Herbert Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were 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 was Friday, November 15th. This represents a $2.20 dividend on an annualized basis and a yield of 3.42%. Burke & Herbert Financial Services’s payout ratio is presently 28.61%.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Gary L. Hinkle acquired 1,548 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $68.50 per share, for a total transaction of $106,038.00. Following the acquisition, the director now owns 238,355 shares in the company, valued at approximately $16,327,317.50. This represents a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shawn Patrick Mclaughlin purchased 555 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $69.35 per share, with a total value of $38,489.25. Following the completion of the transaction, the director now owns 61,000 shares of the company’s stock, valued at approximately $4,230,350. This trade represents a 0.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,950 shares of company stock valued at $614,711. Company insiders own 9.65% of the company’s stock.

Hedge Funds Weigh In On Burke & Herbert Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHRB. HHM Wealth Advisors LLC acquired a new position in Burke & Herbert Financial Services in the second quarter valued at $29,000. LSV Asset Management purchased a new position in Burke & Herbert Financial Services during the 2nd quarter worth $108,000. Quantbot Technologies LP acquired a new position in Burke & Herbert Financial Services in the 3rd quarter valued at about $118,000. Truist Financial Corp acquired a new position in shares of Burke & Herbert Financial Services in the second quarter valued at approximately $202,000. Finally, TIAA Trust National Association acquired a new stake in shares of 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.