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

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 9th. Analysts expect Burke & Herbert Financial Services to post earnings of $1.78 per share for the quarter.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. Burke & Herbert Financial Services had a net margin of 8.88% and a return on equity of 15.15%. The firm had revenue of $83.01 million during the quarter, compared to analyst estimates of $85.50 million.

Burke & Herbert Financial Services Price Performance

NASDAQ BHRB traded down $0.11 during mid-day trading on Wednesday, hitting $56.14. The stock had a trading volume of 24,861 shares, compared to its average volume of 49,571. The firm's 50 day moving average is $54.98 and its 200 day moving average is $61.46. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $841.15 million and a price-to-earnings ratio of 23.39.

Burke & Herbert Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.20 annualized dividend and a yield of 3.92%. Burke & Herbert Financial Services's payout ratio is 62.68%.

Burke & Herbert Financial Services announced that its board has authorized a stock buyback plan on Friday, April 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Gary L. Hinkle bought 3,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $64.97 per share, with a total value of $194,910.00. Following the completion of the transaction, the director now directly owns 248,459 shares of the company's stock, valued at approximately $16,142,381.23. This represents a 1.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel Laing Hinson III purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average cost of $53.00 per share, for a total transaction of $212,000.00. Following the purchase, the director now directly owns 28,800 shares in the company, valued at $1,526,400. This trade represents a 16.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 22,140 shares of company stock valued at $1,336,763. Insiders own 10.92% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Burke & Herbert Financial Services from $73.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th.

Burke & Herbert Financial Services Company Profile

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.