Burke & Herbert Financial Services (NASDAQ:BHRB) Stock Price Expected to Rise, DA Davidson Analyst Says

Key Points

• DA Davidson has raised its price target for Burke & Herbert Financial Services' stock from $69.00 to $73.00, indicating a potential upside of 17.82% from the previous close.
• The company reported $1.97 earnings per share for the latest quarter, outperforming analyst expectations of $1.85, along with a net margin of 20.93%.
• Burke & Herbert Financial Services has authorized a $50 million stock buyback, signaling confidence in the company's valuation by its Board of Directors.

Burke & Herbert Financial Services (NASDAQ:BHRB - Free Report) had its price target boosted by DA Davidson from $69.00 to $73.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Burke & Herbert Financial Services' Q3 2025 earnings at $1.87 EPS and FY2026 earnings at $7.75 EPS.

BHRB has been the topic of several other reports. Wall Street Zen cut shares of Burke & Herbert Financial Services from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Burke & Herbert Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Janney Montgomery Scott started coverage on shares of Burke & Herbert Financial Services in a research report on Thursday, July 10th. They set a "buy" rating and a $70.00 price objective on the stock.

Burke & Herbert Financial Services Price Performance

Burke & Herbert Financial Services stock traded down $1.18 during midday trading on Monday, reaching $56.81. 60,999 shares of the stock were exchanged, compared to its average volume of 54,899. The company's fifty day moving average is $59.97 and its 200-day moving average is $58.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $852.43 million, a PE ratio of 8.25 and a beta of 1.21. Burke & Herbert Financial Services has a 52 week low of $47.57 and a 52 week high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.12. Burke & Herbert Financial Services had a return on equity of 15.59% and a net margin of 20.93%. The company had revenue of $87.11 million for the quarter, compared to the consensus estimate of $86.06 million. On average, sell-side analysts forecast that Burke & Herbert Financial Services will post 8.05 EPS for the current year.

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

Burke & Herbert Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.9%. Burke & Herbert Financial Services's dividend payout ratio is currently 31.93%.

Insider Transactions at Burke & Herbert Financial Services

In other Burke & Herbert Financial Services news, Director Shawn Patrick Mclaughlin purchased 1,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $56.50 per share, with a total value of $56,500.00. Following the completion of the acquisition, the director directly owned 64,000 shares in the company, valued at $3,616,000. This trade represents a 1.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jose David Riojas purchased 500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $55.85 per share, for a total transaction of $27,925.00. Following the acquisition, the director owned 19,000 shares in the company, valued at approximately $1,061,150. The trade was a 2.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 6,302 shares of company stock valued at $348,535. Insiders own 10.92% of the company's stock.

Institutional Trading of Burke & Herbert Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHRB. Burke & Herbert Bank & Trust Co. increased its holdings in Burke & Herbert Financial Services by 3.1% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 259,495 shares of the company's stock worth $15,500,000 after acquiring an additional 7,800 shares in the last quarter. AlphaQuest LLC raised its stake in Burke & Herbert Financial Services by 49.7% during the 2nd quarter. AlphaQuest LLC now owns 6,888 shares of the company's stock valued at $411,000 after purchasing an additional 2,287 shares during the period. CWM LLC raised its stake in Burke & Herbert Financial Services by 732.7% during the 2nd quarter. CWM LLC now owns 841 shares of the company's stock valued at $50,000 after purchasing an additional 740 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Burke & Herbert Financial Services by 7.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,600 shares of the company's stock valued at $422,000 after purchasing an additional 470 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Burke & Herbert Financial Services by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 71,849 shares of the company's stock valued at $4,031,000 after purchasing an additional 10,117 shares during the period.

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.