Burke & Herbert Financial Services (BHRB) Projected to Post Quarterly Earnings on Friday

Burke & Herbert Financial Services (NASDAQ:BHRBGet Free Report) is expected to be posting its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect Burke & Herbert Financial Services to post earnings of $1.77 per share for the quarter.

Burke & Herbert Financial Services Stock Performance

Shares of NASDAQ BHRB opened at $62.72 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $65.66 and its 200-day moving average price is $63.37. Burke & Herbert Financial Services has a 52-week low of $46.00 and a 52-week high of $75.32.

Burke & Herbert Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53.

Insider Buying and Selling

In other news, Director Gary L. Hinkle acquired 1,548 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $68.50 per share, with a total value of $106,038.00. Following the completion of the purchase, the director now directly owns 238,355 shares in the company, valued at approximately $16,327,317.50. This trade represents a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julian Forrest Jr. Barnwell acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $68.75 per share, with a total value of $206,250.00. Following the acquisition, the director now owns 182,939 shares in the company, valued at $12,577,056.25. This trade represents a 1.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 8,950 shares of company stock worth $614,711. Insiders own 9.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BHRB. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a research report on Wednesday, October 16th. They issued a “buy” rating and a $76.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

View Our Latest Analysis on Burke & Herbert Financial Services

Burke & Herbert Financial Services Company Profile

(Get Free Report)

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.

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