Analysts Set Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Price Target at $72.40

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $72.40.

A number of equities analysts have recently issued reports on the company. Freedom Capital downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research downgraded Burke & Herbert Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Loop Capital set a $74.00 price objective on shares of Burke & Herbert Financial Services in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Monday, December 29th. Finally, DA Davidson assumed coverage on shares of Burke & Herbert Financial Services in a research report on Wednesday, February 25th. They set a “neutral” rating and a $75.00 target price on the stock.

Institutional Trading of Burke & Herbert Financial Services

A number of hedge funds have recently bought and sold shares of BHRB. Kestra Advisory Services LLC acquired a new stake in shares of Burke & Herbert Financial Services in the 4th quarter worth $30,000. State of Alaska Department of Revenue acquired a new position in Burke & Herbert Financial Services during the 3rd quarter valued at about $37,000. Aquatic Capital Management LLC acquired a new position in Burke & Herbert Financial Services during the 3rd quarter valued at about $117,000. PNC Financial Services Group Inc. raised its stake in Burke & Herbert Financial Services by 22.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,202 shares of the company’s stock valued at $132,000 after buying an additional 400 shares during the last quarter. Finally, First United Bank & Trust raised its stake in Burke & Herbert Financial Services by 96.3% in the third quarter. First United Bank & Trust now owns 2,261 shares of the company’s stock valued at $139,000 after buying an additional 1,109 shares during the last quarter.

Burke & Herbert Financial Services Price Performance

Burke & Herbert Financial Services stock opened at $60.78 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $914.07 million, a price-to-earnings ratio of 7.87 and a beta of 1.02. The firm has a 50-day moving average of $65.09 and a two-hundred day moving average of $63.58. Burke & Herbert Financial Services has a 1 year low of $47.57 and a 1 year high of $70.90.

Burke & Herbert Financial Services (NASDAQ:BHRB) last issued its earnings results on Thursday, January 22nd. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.07. The business had revenue of $86.56 million for the quarter, compared to analyst estimates of $80.72 million. Burke & Herbert Financial Services had a net margin of 23.89% and a return on equity of 14.79%. On average, research analysts forecast that Burke & Herbert Financial Services will post 8.05 earnings per share for the current year.

Burke & Herbert Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, February 13th. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is presently 28.50%.

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.