Renaissance Technologies LLC Purchases Shares of 55,460 Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Renaissance Technologies LLC purchased a new stake in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 55,460 shares of the company’s stock, valued at approximately $2,827,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BHRB. HHM Wealth Advisors LLC purchased a new position in shares of Burke & Herbert Financial Services during the second quarter valued at about $29,000. Fortitude Family Office LLC grew its position in shares of Burke & Herbert Financial Services by 1,666.0% during the second quarter. Fortitude Family Office LLC now owns 936 shares of the company’s stock valued at $48,000 after purchasing an additional 883 shares in the last quarter. LSV Asset Management purchased a new position in shares of Burke & Herbert Financial Services during the second quarter valued at about $108,000. TIAA Trust National Association purchased a new position in shares of Burke & Herbert Financial Services during the second quarter valued at about $213,000. Finally, Burney Co. purchased a new position in Burke & Herbert Financial Services in the second quarter worth about $246,000.

Burke & Herbert Financial Services Trading Down 0.2 %

BHRB opened at $60.99 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. The firm has a market cap of $905.58 million and a P/E ratio of 7.62. Burke & Herbert Financial Services Corp. has a 12 month low of $42.91 and a 12 month high of $70.00. The stock has a 50-day moving average of $63.82 and a 200 day moving average of $55.82.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Friday, July 26th. The company reported $2.04 earnings per share (EPS) for the quarter. The business had revenue of $69.27 million during the quarter. Burke & Herbert Financial Services had a negative net margin of 1.10% and a positive return on equity of 9.96%.

Burke & Herbert Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.48%. The ex-dividend date was Thursday, August 15th. Burke & Herbert Financial Services’s payout ratio is currently 26.01%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on Burke & Herbert Financial Services from $66.00 to $73.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th.

Insiders Place Their Bets

In other news, Director Gary L. Hinkle acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $68.09 per share, with a total value of $340,450.00. Following the completion of the purchase, the director now directly owns 233,155 shares in the company, valued at $15,875,523.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.65% of the stock is owned by insiders.

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.