1 week Ago By Defense World Staff
Trexquant Investment LP bought a new stake in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,890 shares of the company’s stock, valued at approximately $367,000.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Burke & Herbert Financial Services by 3.
2% during the fourth quarter. Vanguard Group Inc. now owns 732,163 shares of the company’s stock worth $45,658,000 after purchasing an additional 22,559 shares during the last quarter.
Geode Capital Management LLC boosted its stake in shares of Burke & Herbert Financial Services by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 306,243 shares of the company’s stock worth $18,681,000 after buying an additional 15,092 shares during the last quarter.
State Street Corp grew its holdings in shares of Burke & Herbert Financial Services by 9.9% in the 3rd quarter. State Street Corp now owns 289,576 shares of the company’s stock valued at $17,661,000 after acquiring an additional 26,191 shares in the last quarter.
Charles Schwab Investment Management Inc. increased its position in shares of Burke & Herbert Financial Services by 1.9% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 110,559 shares of the company’s stock valued at $6,894,000 after acquiring an additional 2,078 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Burke & Herbert Financial Services by 32.
8% during the fourth quarter. Verdence Capital Advisors LLC now owns 68,384 shares of the company’s stock worth $4,264,000 after acquiring an additional 16,884 shares in the last quarter. Burke & Herbert Financial Services Stock PerformanceShares of BHRB stock opened at $48.
68 on Monday. The company has a fifty day moving average price of $58.89 and a two-hundred day moving average price of $62.
39. Burke & Herbert Financial Services Corp. has a one year low of $46.
00 and a one year high of $75.32. The stock has a market cap of $729.
37 million and a P/E ratio of 20.28. The company has a debt-to-equity ratio of 0.
15, a current ratio of 0.83 and a quick ratio of 0.83.
Burke & Herbert Financial Services (NASDAQ:BHRB – Get Free Report) last issued its earnings results 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 net margin of 8.88% and a return on equity of 15.
15%. As a group, equities analysts predict that Burke & Herbert Financial Services Corp. will post 8.
05 EPS for the current year. Burke & Herbert Financial Services Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.
55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.
52%. The ex-dividend date was Friday, February 14th. Burke & Herbert Financial Services’s payout ratio is presently 91.
67%. Insider Activity at Burke & Herbert Financial ServicesIn related news, Director Shawn Patrick Mclaughlin purchased 1,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $63.
00 per share, with a total value of $63,000.00. Following the acquisition, the director now directly owns 62,000 shares in the company, valued at $3,906,000.
The trade was a 1.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Also, Director Julian Forrest Jr. Barnwell acquired 5,000 shares of Burke & Herbert Financial Services stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $63.
75 per share, with a total value of $318,750.00. Following the acquisition, the director now owns 187,939 shares of the company’s stock, valued at approximately $11,981,111.
25. This trade represents a 2.73 % increase in their ownership of the stock.
The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 19,140 shares of company stock worth $1,195,743. Company insiders own 9.
65% of the company’s stock. Analyst Ratings ChangesSeparately, Keefe, Bruyette & Woods raised Burke & Herbert Financial Services from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $79.00 to $76.
00 in a research report on Monday, January 27th.Read Our Latest Analysis on Burke & Herbert Financial ServicesBurke & Herbert Financial Services Company Profile (Free Report)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.Further ReadingFive stocks we like better than Burke & Herbert Financial ServicesStock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be ClosedIs McDonald’s Stock Serving a Value Meal to Investors? Stock Sentiment Analysis: How it WorksWalgreens Comeback? Private Equity Circling for a BuyoutWhat Are Dividend Contenders? Investing in Dividend ContendersCoca-Cola Stock Looks Refreshing After the Relief Rally.
