Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Short Interest Update

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 82,600 shares, a growth of 7.4% from the May 31st total of 76,900 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is presently 3.0 days.

Burke & Herbert Financial Services Stock Down 1.2 %

BHRB stock opened at $48.34 on Thursday. Burke & Herbert Financial Services has a 1 year low of $42.91 and a 1 year high of $67.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50 day simple moving average of $49.89 and a 200-day simple moving average of $54.34.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.69 earnings per share (EPS) for the quarter. Burke & Herbert Financial Services had a net margin of 12.04% and a return on equity of 6.82%. The business had revenue of $26.39 million during the quarter.

Burke & Herbert Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Tuesday, May 14th.

Insider Activity

In other Burke & Herbert Financial Services news, Director Gary L. Hinkle bought 2,039 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $102,459.75. Following the transaction, the director now directly owns 222,169 shares of the company’s stock, valued at approximately $11,163,992.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Burke & Herbert Financial Services news, Director Jose David Riojas bought 1,397 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $47.49 per share, with a total value of $66,343.53. Following the completion of the acquisition, the director now directly owns 16,000 shares of the company’s stock, valued at $759,840. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary L. Hinkle acquired 2,039 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $50.25 per share, with a total value of $102,459.75. Following the purchase, the director now owns 222,169 shares in the company, valued at approximately $11,163,992.25. The disclosure for this purchase can be found here. Insiders acquired 8,730 shares of company stock worth $431,321 over the last three months. 9.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BHRB. SG Americas Securities LLC boosted its stake in shares of Burke & Herbert Financial Services by 52.3% in the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock valued at $249,000 after buying an additional 1,359 shares during the period. Vanguard Group Inc. raised its holdings in Burke & Herbert Financial Services by 1.4% in the first quarter. Vanguard Group Inc. now owns 341,705 shares of the company’s stock valued at $19,146,000 after acquiring an additional 4,574 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Burke & Herbert Financial Services in the first quarter valued at approximately $392,000.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.