Research Analysts Set Expectations for BHRB FY2025 Earnings

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Equities research analysts at DA Davidson lifted their FY2025 earnings estimates for Burke & Herbert Financial Services in a report issued on Tuesday, January 28th. DA Davidson analyst M. Navas now anticipates that the company will post earnings of $8.05 per share for the year, up from their previous estimate of $7.55. DA Davidson has a “Buy” rating and a $76.00 price objective on the stock. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $8.05 per share.

Burke & Herbert Financial Services (NASDAQ:BHRB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.77. Burke & Herbert Financial Services had a return on equity of 15.15% and a net margin of 8.88%.

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $79.00 to $76.00 in a report on Monday, January 27th.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ:BHRB opened at $64.31 on Thursday. The stock’s 50 day moving average is $64.71 and its 200-day moving average is $63.93. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $962.72 million and a price-to-earnings ratio of 26.80.

Burke & Herbert Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 14th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 91.67%.

Insider Activity

In related news, Director Shawn Patrick Mclaughlin purchased 555 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $69.35 per share, with a total value of $38,489.25. Following the transaction, the director now owns 61,000 shares of the company’s stock, valued at $4,230,350. This represents a 0.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary L. Hinkle acquired 3,652 shares of the business’s stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $68.56 per share, for a total transaction of $250,381.12. Following the completion of the acquisition, the director now directly owns 236,807 shares in the company, valued at approximately $16,235,487.92. The trade was a 1.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 10,950 shares of company stock worth $742,191 over the last 90 days. 9.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in shares of Burke & Herbert Financial Services in the 2nd quarter worth approximately $18,137,000. Marshall Wace LLP bought a new position in Burke & Herbert Financial Services in the 2nd quarter valued at $427,000. The Manufacturers Life Insurance Company bought a new position in Burke & Herbert Financial Services in the 2nd quarter valued at $259,000. Truist Financial Corp purchased a new stake in shares of Burke & Herbert Financial Services during the 2nd quarter valued at $202,000. Finally, SG Americas Securities LLC raised its stake in shares of Burke & Herbert Financial Services by 113.7% during the 3rd quarter. SG Americas Securities LLC now owns 5,067 shares of the company’s stock worth $309,000 after purchasing an additional 2,696 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.