Burke & Herbert Financial Services Corp. (BHRB) to Issue Quarterly Dividend of $0.55 on September 1st

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.55 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th.

Burke & Herbert Financial Services has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Burke & Herbert Financial Services to earn $8.75 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 25.1%.

Burke & Herbert Financial Services Price Performance

Shares of Burke & Herbert Financial Services stock opened at $70.47 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $67.26 and a 200-day moving average price of $65.45. Burke & Herbert Financial Services has a one year low of $56.11 and a one year high of $73.69.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $106.90 million for the quarter, compared to analyst estimates of $112.86 million. Burke & Herbert Financial Services had a return on equity of 15.11% and a net margin of 18.86%. Equities analysts expect that Burke & Herbert Financial Services will post 8.33 EPS for the current year.

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.