DA Davidson Has Negative Outlook of BHRB FY2025 Earnings

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Burke & Herbert Financial Services in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the company will post earnings per share of $7.55 for the year, down from their prior forecast of $7.65. DA Davidson currently has a “Buy” rating and a $76.00 price objective on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $6.90 per share.

Separately, Keefe, Bruyette & Woods raised their price target on Burke & Herbert Financial Services from $72.00 to $79.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Burke & Herbert Financial Services Trading Down 0.2 %

Shares of BHRB opened at $64.20 on Friday. The firm has a market capitalization of $960.95 million and a P/E ratio of 8.35. Burke & Herbert Financial Services has a 12-month low of $46.00 and a 12-month high of $75.32. The firm has a 50-day moving average price of $67.05 and a 200 day moving average price of $61.44. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Burke & Herbert Financial Services’s previous quarterly dividend of $0.53. Burke & Herbert Financial Services’s dividend payout ratio is currently 28.61%.

Insider Activity at Burke & Herbert Financial Services

In related news, Director Julian Forrest Jr. Barnwell bought 3,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $68.75 per share, with a total value of $206,250.00. Following the purchase, the director now owns 182,939 shares in the company, valued at $12,577,056.25. This represents a 1.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary L. Hinkle bought 1,548 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $68.50 per share, for a total transaction of $106,038.00. Following the acquisition, the director now owns 238,355 shares in the company, valued at $16,327,317.50. The trade was a 0.65 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 8,950 shares of company stock valued at $614,711 in the last ninety days. Corporate insiders own 9.65% of the company’s stock.

Institutional Trading of Burke & Herbert Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new position in Burke & Herbert Financial Services in the 2nd quarter valued at about $3,091,000. Rhumbline Advisers raised its position in shares of Burke & Herbert Financial Services by 126.9% in the second quarter. Rhumbline Advisers now owns 18,973 shares of the company’s stock valued at $967,000 after buying an additional 10,613 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Burke & Herbert Financial Services during the second quarter valued at approximately $1,167,000. Bank of New York Mellon Corp boosted its position in Burke & Herbert Financial Services by 96.0% during the second quarter. Bank of New York Mellon Corp now owns 81,204 shares of the company’s stock worth $4,140,000 after acquiring an additional 39,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter worth approximately $18,137,000.

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.