Q1 Earnings Forecast for BHRB Issued By DA Davidson

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Burke & Herbert Financial Services in a report issued on Tuesday, January 28th. DA Davidson analyst M. Navas forecasts that the company will earn $1.78 per share for the quarter. 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 $6.90 per share.

Separately, Keefe, Bruyette & Woods upgraded shares of Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $79.00 to $76.00 in a research note on Monday.

Burke & Herbert Financial Services Trading Up 1.1 %

BHRB stock opened at $64.36 on Wednesday. The business’s 50-day moving average is $64.80 and its two-hundred day moving average is $63.93. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. Burke & Herbert Financial Services has a 1 year low of $46.00 and a 1 year high of $75.32.

Burke & Herbert Financial Services (NASDAQ:BHRB) last announced its quarterly earnings data on Friday, January 24th. The company reported $1.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.77. Burke & Herbert Financial Services had a return on equity of 12.83% and a net margin of 6.55%.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, February 14th.

Insider Buying and Selling at Burke & Herbert Financial Services

In related news, Director Gary L. Hinkle purchased 1,548 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $68.50 per share, with a total value of $106,038.00. Following the completion of the transaction, the director now directly owns 238,355 shares in the company, valued at approximately $16,327,317.50. The trade was a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shawn Patrick Mclaughlin acquired 555 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $69.35 per share, for a total transaction of $38,489.25. Following the acquisition, the director now owns 61,000 shares of the company’s stock, valued at approximately $4,230,350. The trade was a 0.92 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,950 shares of company stock worth $677,711 over the last ninety days. Corporate insiders own 9.65% of the company’s stock.

Institutional Trading of Burke & Herbert Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in BHRB. Dimensional Fund Advisors LP purchased a new position in Burke & Herbert Financial Services during the 2nd quarter worth approximately $18,137,000. Fourthstone LLC grew its position in shares of Burke & Herbert Financial Services by 29.3% during the third quarter. Fourthstone LLC now owns 397,598 shares of the company’s stock worth $24,250,000 after acquiring an additional 90,151 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Burke & Herbert Financial Services by 190.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,481 shares of the company’s stock valued at $6,616,000 after acquiring an additional 71,105 shares during the period. Renaissance Technologies LLC purchased a new stake in Burke & Herbert Financial Services in the 2nd quarter valued at $2,827,000. Finally, JPMorgan Chase & Co. boosted its stake in Burke & Herbert Financial Services by 481.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,199 shares of the company’s stock worth $2,025,000 after purchasing an additional 27,490 shares during the period.

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.