Dimensional Fund Advisors LP increased its position in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,948 shares of the company's stock after purchasing an additional 49,957 shares during the quarter. Dimensional Fund Advisors LP owned 2.44% of Burke & Herbert Financial Services worth $22,919,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Burke & Herbert Financial Services during the 4th quarter worth approximately $30,000. Aquatic Capital Management LLC acquired a new stake in shares of Burke & Herbert Financial Services in the third quarter worth $117,000. Tower Research Capital LLC TRC increased its stake in shares of Burke & Herbert Financial Services by 585.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company's stock worth $203,000 after acquiring an additional 2,898 shares during the period. Sei Investments Co. purchased a new position in shares of Burke & Herbert Financial Services during the second quarter worth $204,000. Finally, Quantbot Technologies LP raised its holdings in shares of Burke & Herbert Financial Services by 8.1% during the second quarter. Quantbot Technologies LP now owns 3,897 shares of the company's stock worth $233,000 after purchasing an additional 292 shares during the last quarter.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Freedom Capital raised shares of Burke & Herbert Financial Services from a "hold" rating to a "strong-buy" rating in a report on Friday, May 15th. Weiss Ratings upgraded Burke & Herbert Financial Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods boosted their price objective on Burke & Herbert Financial Services from $80.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Wall Street Zen downgraded Burke & Herbert Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, DA Davidson set a $75.00 target price on Burke & Herbert Financial Services in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $75.25.
Get Our Latest Research Report on Burke & Herbert Financial Services
Insider Transactions at Burke & Herbert Financial Services
In other news, Director Jose David Riojas acquired 1,000 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $62.00 per share, with a total value of $62,000.00. Following the purchase, the director owned 20,000 shares in the company, valued at $1,240,000. This trade represents a 5.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill S. Upson sold 1,112 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $63.30, for a total value of $70,389.60. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $126,600. The trade was a 35.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 11,434 shares of company stock worth $719,523 and sold 5,262 shares worth $376,939. 11.99% of the stock is owned by company insiders.
Burke & Herbert Financial Services Trading Down 0.5%
Shares of Burke & Herbert Financial Services stock opened at $73.76 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. Burke & Herbert Financial Services Corp. has a twelve month low of $56.39 and a twelve month high of $75.08. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.82 and a beta of 0.57. The firm's 50-day moving average price is $69.19 and its 200 day moving average price is $66.10.
Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $106.90 million during the quarter, compared to analyst estimates of $112.86 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 18.86%. On average, sell-side analysts predict that Burke & Herbert Financial Services Corp. will post 8.19 EPS for the current fiscal year.
Burke & Herbert Financial Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 14th. Burke & Herbert Financial Services's payout ratio is presently 35.26%.
Burke & Herbert Financial Services Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Burke & Herbert Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burke & Herbert Financial Services wasn't on the list.
While Burke & Herbert Financial Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
