4,180 Shares in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Purchased by TIAA Trust National Association

TIAA Trust National Association purchased a new stake in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,180 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also recently added to or reduced their stakes in the company. Burke & Herbert Bank & Trust Co. raised its stake in shares of Burke & Herbert Financial Services by 50.6% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 308,251 shares of the company’s stock valued at $15,715,000 after acquiring an additional 103,527 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in Burke & Herbert Financial Services in the 2nd quarter valued at $2,218,000. Bank of New York Mellon Corp boosted its stake in Burke & Herbert Financial Services by 96.0% in the second quarter. Bank of New York Mellon Corp now owns 81,204 shares of the company’s stock worth $4,140,000 after purchasing an additional 39,769 shares in the last quarter. AA Financial Advisors LLC acquired a new position in Burke & Herbert Financial Services in the second quarter worth $1,589,000. Finally, Fifth Third Bancorp bought a new stake in shares of Burke & Herbert Financial Services during the second quarter worth $1,167,000.

Insider Activity at Burke & Herbert Financial Services

In other news, Director Gary L. Hinkle acquired 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $68.09 per share, with a total value of $340,450.00. Following the acquisition, the director now owns 233,155 shares of the company’s stock, valued at approximately $15,875,523.95. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Burke & Herbert Financial Services news, Director Gary L. Hinkle acquired 5,000 shares of Burke & Herbert Financial Services stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $68.09 per share, with a total value of $340,450.00. Following the completion of the purchase, the director now owns 233,155 shares in the company, valued at $15,875,523.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jose David Riojas bought 1,397 shares of the stock in a transaction on Monday, June 10th. The shares were acquired at an average cost of $47.49 per share, with a total value of $66,343.53. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $759,840. The disclosure for this purchase can be found here. Insiders have bought a total of 6,647 shares of company stock worth $421,669 over the last 90 days. Insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Price Performance

Shares of BHRB stock opened at $62.97 on Friday. Burke & Herbert Financial Services Corp. has a 1 year low of $42.91 and a 1 year high of $70.00. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $60.03 and its 200-day moving average is $54.84. The firm has a market capitalization of $934.98 million and a price-to-earnings ratio of 7.73.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings data on Friday, July 26th. The company reported $2.04 earnings per share (EPS) for the quarter. The firm had revenue of $69.27 million for the quarter. Burke & Herbert Financial Services had a positive return on equity of 9.96% and a negative net margin of 1.10%.

Burke & Herbert Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 26.01%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Burke & Herbert Financial Services from $66.00 to $73.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

Burke & Herbert Financial Services 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.