What is DA Davidson's Forecast for BHRB FY2025 Earnings?

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB - Free Report) - Stock analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Burke & Herbert Financial Services in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $7.50 for the year, down from their previous forecast of $7.55. The consensus estimate for Burke & Herbert Financial Services' current full-year earnings is $8.05 per share.

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

A number of other equities analysts have also weighed in on BHRB. Wall Street Zen upgraded Burke & Herbert Financial Services from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods dropped their price target on shares of 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.

Burke & Herbert Financial Services Stock Performance

NASDAQ BHRB traded up $1.83 on Wednesday, reaching $63.02. 161,146 shares of the company's stock traded hands, compared to its average volume of 51,801. Burke & Herbert Financial Services has a fifty-two week low of $47.28 and a fifty-two week high of $75.32. 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 $945.62 million, a price-to-earnings ratio of 17.95 and a beta of 1.22. The stock has a 50 day moving average price of $56.87 and a 200-day moving average price of $58.67.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, May 15th. Burke & Herbert Financial Services's dividend payout ratio (DPR) is presently 62.68%.

Burke & Herbert Financial Services declared that its board has authorized a stock 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 usually an indication that the company's management believes its stock is undervalued.

Insider Transactions at Burke & Herbert Financial Services

In related news, Director Shawn Patrick Mclaughlin purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $56.50 per share, with a total value of $56,500.00. Following the purchase, the director owned 64,000 shares of the company's stock, valued at $3,616,000. The trade was a 1.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jose David Riojas acquired 500 shares of the firm's stock in a transaction on 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 completion of the acquisition, the director owned 19,000 shares of the company's stock, valued at approximately $1,061,150. This represents a 2.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 10,302 shares of company stock valued at $560,535 in the last three months. 10.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of Burke & Herbert Financial Services by 841.3% in the fourth quarter. Sterling Capital Management LLC now owns 433 shares of the company's stock worth $27,000 after acquiring an additional 387 shares during the last quarter. State of Wyoming purchased a new position in Burke & Herbert Financial Services in the 1st quarter valued at $49,000. Tower Research Capital LLC TRC boosted its stake in Burke & Herbert Financial Services by 227.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,347 shares of the company's stock worth $84,000 after purchasing an additional 936 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Burke & Herbert Financial Services by 104.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,802 shares of the company's stock worth $101,000 after buying an additional 920 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Burke & Herbert Financial Services in the fourth quarter valued at about $156,000.

About Burke & Herbert Financial Services

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.