Burke & Herbert Financial Services (NASDAQ:BHRB) Sees Strong Trading Volume

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) shares saw an uptick in trading volume on Friday . 19,784 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 20,022 shares.The stock last traded at $48.68 and had previously closed at $48.37.

Burke & Herbert Financial Services Trading Down 0.0 %

The business has a 50 day simple moving average of $50.48 and a two-hundred day simple moving average of $54.61.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its earnings results on Friday, May 10th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $26.39 million for the quarter. Burke & Herbert Financial Services had a return on equity of 6.82% and a net margin of 12.04%.

Burke & Herbert Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.53 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.38%.

Insider Activity

In other news, Director Gary L. Hinkle bought 600 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average price of $50.23 per share, for a total transaction of $30,138.00. Following the completion of the acquisition, the director now owns 219,450 shares of the company’s stock, valued at $11,022,973.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gary L. Hinkle acquired 613 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $49.65 per share, with a total value of $30,435.45. Following the completion of the acquisition, the director now directly owns 216,071 shares of the company’s stock, valued at approximately $10,727,925.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary L. Hinkle bought 600 shares of the stock in a transaction on Wednesday, May 15th. The shares were bought at an average cost of $50.23 per share, for a total transaction of $30,138.00. Following the purchase, the director now owns 219,450 shares in the company, valued at approximately $11,022,973.50. The disclosure for this purchase can be found here. Insiders purchased 8,730 shares of company stock valued at $431,321 in the last ninety days. 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. Quadrature Capital Ltd bought a new position in Burke & Herbert Financial Services during the first quarter valued at about $392,000. Vanguard Group Inc. grew its stake in shares of Burke & Herbert Financial Services by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 341,705 shares of the company’s stock worth $19,146,000 after purchasing an additional 4,574 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Burke & Herbert Financial Services by 52.3% in the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock worth $249,000 after purchasing an additional 1,359 shares in 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.