Burke & Herbert Financial Services Corp. $BHRB Stock Holdings Raised by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. grew its stake in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,323 shares of the company’s stock after purchasing an additional 22,601 shares during the quarter. Burke & Herbert Financial Services makes up approximately 2.2% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 21st biggest holding. Endeavour Capital Advisors Inc.’s holdings in Burke & Herbert Financial Services were worth $7,809,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BHRB. State of Alaska Department of Revenue bought a new stake in Burke & Herbert Financial Services in the third quarter valued at about $37,000. Aquatic Capital Management LLC bought a new position in Burke & Herbert Financial Services during the 3rd quarter worth approximately $117,000. Strs Ohio acquired a new position in shares of Burke & Herbert Financial Services in the 3rd quarter worth approximately $160,000. Graves Light Lenhart Wealth Inc. acquired a new position in shares of Burke & Herbert Financial Services in the 4th quarter worth approximately $201,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Burke & Herbert Financial Services by 585.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,393 shares of the company’s stock valued at $203,000 after acquiring an additional 2,898 shares during the last quarter.

Insider Activity

In other news, Director Jose David Riojas acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $62.00 per share, for a total transaction of $62,000.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $1,240,000. This trade represents a 5.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shawn Patrick Mclaughlin bought 1,000 shares of Burke & Herbert Financial Services stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $64.80 per share, with a total value of $64,800.00. Following the completion of the purchase, the director directly owned 69,000 shares in the company, valued at $4,471,200. This trade represents a 1.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 7,300 shares of company stock worth $460,650 in the last 90 days. 10.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BHRB shares. Citigroup cut Burke & Herbert Financial Services to a “hold” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Friday, May 8th. DA Davidson reiterated a “neutral” rating and set a $70.00 target price on shares of Burke & Herbert Financial Services in a research note on Monday, April 27th. Loop Capital set a $74.00 target price on shares of Burke & Herbert Financial Services in a report on Wednesday, February 25th. Finally, Zacks Research downgraded shares of Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Burke & Herbert Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Burke & Herbert Financial Services Stock Performance

Shares of NASDAQ BHRB opened at $62.77 on Tuesday. Burke & Herbert Financial Services Corp. has a 12-month low of $54.45 and a 12-month high of $70.90. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 8.14 and a beta of 0.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $63.20 and its 200 day simple moving average is $64.35.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.87 EPS for the quarter, hitting analysts’ consensus estimates of $1.87. Burke & Herbert Financial Services had a return on equity of 14.46% and a net margin of 24.04%.The firm had revenue of $84.70 million during the quarter, compared to the consensus estimate of $86.50 million. Equities research analysts expect that Burke & Herbert Financial Services Corp. will post 8.33 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, May 15th. This represents a $2.20 annualized dividend and a dividend yield of 3.5%. Burke & Herbert Financial Services’s dividend payout ratio is currently 28.53%.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services, Inc is a bank holding company headquartered in Alexandria, Virginia, and the parent company of Burke & Herbert Bank. The company operates as a community?focused financial institution, offering a full suite of commercial and consumer banking products to individuals, small businesses, and nonprofit organizations in the Washington, DC metropolitan area.

The company’s core banking services include traditional deposit accounts such as checking, savings, money market and certificates of deposit, alongside digital banking platforms for online and mobile account access.