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

Burke & Herbert Financial Services Corp. (NASDAQ:BHRBFree Report) – Equities research analysts at DA Davidson boosted their FY2025 earnings estimates for Burke & Herbert Financial Services in a research report issued on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the company will post earnings per share of $8.05 for the year, up from their previous estimate of $7.55. DA Davidson has a “Buy” rating and a $76.00 price target on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $79.00 to $76.00 in a research report on Monday.

Read Our Latest Report on Burke & Herbert Financial Services

Burke & Herbert Financial Services Stock Performance

Shares of Burke & Herbert Financial Services stock opened at $64.36 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services has a 52-week low of $46.00 and a 52-week high of $75.32. The company has a 50 day moving average of $64.80 and a 200 day moving average of $63.93.

Burke & Herbert Financial Services (NASDAQ:BHRBGet Free Report) last announced its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a net margin of 6.55% and a return on equity of 12.83%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new position in Burke & Herbert Financial Services in the 2nd quarter valued at about $18,137,000. Fourthstone LLC boosted its position in shares of Burke & Herbert Financial Services by 29.3% in the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock worth $24,250,000 after acquiring an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Burke & Herbert Financial Services by 190.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock worth $6,616,000 after acquiring an additional 71,105 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Burke & Herbert Financial Services by 481.5% in the third quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after acquiring an additional 27,490 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Burke & Herbert Financial Services by 9.9% in the third quarter. State Street Corp now owns 289,576 shares of the company’s stock worth $17,661,000 after acquiring an additional 26,191 shares during the last quarter.

Insider Activity at Burke & Herbert Financial Services

In other news, Director Shawn Patrick Mclaughlin acquired 555 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $69.35 per share, with a total value of $38,489.25. Following the purchase, the director now owns 61,000 shares of the company’s stock, valued at $4,230,350. This represents a 0.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary L. Hinkle acquired 1,548 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $68.50 per share, for a total transaction of $106,038.00. Following the completion of the purchase, the director now directly owns 238,355 shares in the company, valued at $16,327,317.50. This trade represents a 0.65 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 9,950 shares of company stock worth $677,711 in the last 90 days. 9.65% of the stock is owned by insiders.

Burke & Herbert Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 3.42%.

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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