Burke & Herbert Financial Services (BHRB) to Release Earnings on Friday

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Friday, July 25th. Analysts expect Burke & Herbert Financial Services to post earnings of $1.83 per share and revenue of $86.06 million for the quarter.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.78 by $0.02. The firm had revenue of $83.01 million during the quarter, compared to the consensus estimate of $85.50 million. Burke & Herbert Financial Services had a return on equity of 15.20% and a net margin of 12.02%.

Burke & Herbert Financial Services Stock Performance

Shares of BHRB stock traded down $0.22 during trading hours on Monday, reaching $64.09. 29,501 shares of the company's stock were exchanged, compared to its average volume of 53,976. The company has a market cap of $961.99 million, a P/E ratio of 18.26 and a beta of 1.21. The company's 50 day moving average is $59.17 and its two-hundred day moving average is $58.60. Burke & Herbert Financial Services has a 1 year low of $47.57 and a 1 year 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.

Burke & Herbert Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, May 15th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 62.68%.

Burke & Herbert Financial Services announced that its board has initiated a stock repurchase program on Friday, April 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Burke & Herbert Financial Services

In other news, Director Jose David Riojas acquired 500 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $55.85 per share, with a total value of $27,925.00. Following the completion of the acquisition, the director owned 19,000 shares in the company, valued at approximately $1,061,150. This represents a 2.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Samuel Laing Hinson III purchased 4,802 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $55.00 per share, for a total transaction of $264,110.00. Following the completion of the purchase, the director directly owned 33,602 shares of the company's stock, valued at $1,848,110. The trade was a 16.67% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 10,302 shares of company stock worth $560,535 over the last ninety days. Company insiders own 10.92% of the company's stock.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Several institutional investors have recently added to or reduced their stakes in BHRB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Burke & Herbert Financial Services by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,030 shares of the company's stock valued at $451,000 after buying an additional 319 shares during the last quarter. Jane Street Group LLC acquired a new position in Burke & Herbert Financial Services in the 1st quarter valued at approximately $1,287,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Burke & Herbert Financial Services by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 71,849 shares of the company's stock worth $4,031,000 after buying an additional 10,117 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Keefe, Bruyette & Woods cut their price objective on Burke & Herbert Financial Services from $73.00 to $70.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen upgraded Burke & Herbert Financial Services from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Finally, Janney Montgomery Scott started coverage on Burke & Herbert Financial Services in a research note on Thursday, July 10th. They issued a "buy" rating and a $70.00 target price for the company.

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.