Julian Forrest Jr. Barnwell Acquires 1,000 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Julian Forrest Jr. Barnwell bought 1,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $59.75 per share, for a total transaction of $59,750.00. Following the completion of the purchase, the director now directly owns 83,083 shares in the company, valued at approximately $4,964,209.25. This represents a 1.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Julian Forrest Jr. Barnwell also recently made the following trade(s):

• On Monday, March 10th, Julian Forrest Jr. Barnwell purchased 1,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $58.80 per share, with a total value of $58,800.00.
• On Wednesday, March 5th, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average price of $60.50 per share, for a total transaction of $121,000.00.
• On Wednesday, February 26th, Julian Forrest Jr. Barnwell purchased 2,000 shares of Burke & Herbert Financial Services stock. The shares were purchased at an average cost of $61.75 per share, for a total transaction of $123,500.00.
• On Friday, February 21st, Julian Forrest Jr. Barnwell acquired 2,000 shares of Burke & Herbert Financial Services stock. The stock was purchased at an average price of $62.50 per share, with a total value of $125,000.00.
• On Thursday, February 13th, Julian Forrest Jr. Barnwell bought 5,000 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $63.75 per share, for a total transaction of $318,750.00.
• On Friday, December 13th, Julian Forrest Jr. Barnwell purchased 3,000 shares of Burke & Herbert Financial Services stock. The stock was acquired at an average price of $68.75 per share, with a total value of $206,250.00.

Burke & Herbert Financial Services Trading Down 0.8 %

Shares of NASDAQ BHRB opened at $57.73 on Wednesday. Burke & Herbert Financial Services Corp. has a 1-year low of $46.00 and a 1-year high of $75.32. The business has a fifty day moving average price of $62.06 and a 200 day moving average price of $64.07. The stock has a market capitalization of $864.10 million and a P/E ratio of 24.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Friday, January 24th. The company reported $1.77 EPS for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. Equities research analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current fiscal year.

Burke & Herbert Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio is currently 91.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $79.00 to $76.00 in a report on Monday, January 27th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

A number of large investors have recently made changes to their positions in the business. Swiss National Bank boosted its position in shares of Burke & Herbert Financial Services by 1.1% in the 4th quarter. Swiss National Bank now owns 26,400 shares of the company’s stock worth $1,646,000 after purchasing an additional 300 shares in the last quarter. Rhumbline Advisers boosted its holdings in Burke & Herbert Financial Services by 1.9% in the fourth quarter. Rhumbline Advisers now owns 18,548 shares of the company’s stock worth $1,157,000 after acquiring an additional 341 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Burke & Herbert Financial Services by 841.3% during the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after acquiring an additional 387 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Burke & Herbert Financial Services by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,711 shares of the company’s stock worth $481,000 after acquiring an additional 535 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of Burke & Herbert Financial Services by 4.8% in the 3rd quarter. Quadrature Capital Ltd now owns 12,309 shares of the company’s stock valued at $750,000 after purchasing an additional 566 shares during the last quarter.

About Burke & Herbert Financial Services

Burke Herbert Financial Services Corp. is a bank holding company, which engages in the provision of banking products and financial services to small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. It operates through the following loan portfolio segments: Commercial Real Estate, Owner-Occupied Commercial Real Estate, Acquisition, Construction, and Development, Commercial and Industrial, Single Family Residential (1-4 Units), and Consumer Non-Real Estate and Other.