Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Announces $0.55 Quarterly Dividend

Key Points

• $0.55 quarterly dividend announced (ex‑dividend and record date: May 15; payable June 1), implying an annualized $2.20 and a 3.4% yield, with a payout ratio of about 28% (analysts expect ~25.1% forward), indicating the dividend is well covered by earnings.
• Burke & Herbert reported quarterly EPS $1.87 (in line with estimates) on $84.7M revenue (below the $86.5M estimate), and trades near $64.50 with a market cap of ~$970M and a PE of 8.35, reflecting modest valuation and healthy profitability (net margin 23.9%, ROE 14.8%).

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 15th will be given a dividend of 0.55 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, May 15th.

Burke & Herbert Financial Services has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Burke & Herbert Financial Services to earn $8.75 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 25.1%.

Burke & Herbert Financial Services Stock Performance

Shares of Burke & Herbert Financial Services stock opened at $64.50 on Friday. The company has a market capitalization of $970.08 million, a PE ratio of 8.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day simple moving average of $64.18 and a two-hundred day simple moving average of $63.86. Burke & Herbert Financial Services has a one year low of $50.61 and a one year high of $70.90.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.87 EPS for the quarter, hitting analysts' consensus estimates of $1.87. The business had revenue of $84.70 million during the quarter, compared to the consensus estimate of $86.50 million. Burke & Herbert Financial Services had a net margin of 23.89% and a return on equity of 14.79%. Research analysts expect that Burke & Herbert Financial Services will post 8.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of large investors have recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in Burke & Herbert Financial Services by 8.1% in the second quarter. Quantbot Technologies LP now owns 3,897 shares of the company's stock valued at $233,000 after buying an additional 292 shares during the last quarter. Rhumbline Advisers boosted its position in Burke & Herbert Financial Services by 1.7% in the second quarter. Rhumbline Advisers now owns 17,961 shares of the company's stock valued at $1,073,000 after buying an additional 298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Burke & Herbert Financial Services by 4.1% in the first 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. EJF Capital LLC boosted its position in Burke & Herbert Financial Services by 0.9% in the third quarter. EJF Capital LLC now owns 49,850 shares of the company's stock valued at $3,075,000 after buying an additional 448 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Burke & Herbert Financial Services in the fourth quarter valued at approximately $30,000.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community‐focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.

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