Burke & Herbert Financial Services (NASDAQ:BHRB - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $1.77 per share for the quarter.
Shares of BHRB opened at $61.21 on Friday. Burke & Herbert Financial Services has a twelve month low of $46.00 and a twelve month high of $75.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The company's fifty day simple moving average is $65.96 and its 200-day simple moving average is $62.98.
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.55 dividend. The ex-dividend date was Friday, November 15th. This is a boost from Burke & Herbert Financial Services's previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.59%.
A number of equities analysts have recently issued reports on BHRB shares. Keefe, Bruyette & Woods increased their price objective on shares of Burke & Herbert Financial Services from $72.00 to $79.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a report on Wednesday, October 16th. They issued a "buy" rating and a $76.00 price target on the stock.
View Our Latest Analysis on BHRB
In other news, Director Julian Forrest Jr. Barnwell purchased 3,000 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average price of $68.75 per share, with a total value of $206,250.00. Following the transaction, the director now owns 182,939 shares in the company, valued at $12,577,056.25. The trade was a 1.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary L. Hinkle acquired 1,548 shares of the business's stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $68.50 per share, for a total transaction of $106,038.00. Following the completion of the acquisition, the director now directly owns 238,355 shares of the company's stock, valued at approximately $16,327,317.50. This trade represents a 0.65 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 8,950 shares of company stock worth $614,711. Insiders own 9.65% of the company's stock.
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.
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