Burke & Herbert Financial Services Corp. $BHRB Shares Purchased by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. boosted its holdings in shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) by 65.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,722 shares of the company’s stock after buying an additional 40,809 shares during the period. Burke & Herbert Financial Services makes up 1.9% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 21st largest position. Endeavour Capital Advisors Inc. owned approximately 0.68% of Burke & Herbert Financial Services worth $6,337,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BHRB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Burke & Herbert Financial Services by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,030 shares of the company’s stock valued at $451,000 after purchasing an additional 319 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Burke & Herbert Financial Services by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 71,849 shares of the company’s stock worth $4,031,000 after buying an additional 10,117 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Burke & Herbert Financial Services during the first quarter worth $1,287,000. CWM LLC grew its holdings in shares of Burke & Herbert Financial Services by 732.7% during the second quarter. CWM LLC now owns 841 shares of the company’s stock valued at $50,000 after buying an additional 740 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Burke & Herbert Financial Services by 49.7% in the 2nd quarter. AlphaQuest LLC now owns 6,888 shares of the company’s stock valued at $411,000 after acquiring an additional 2,287 shares during the period.

Burke & Herbert Financial Services Price Performance

Shares of NASDAQ BHRB opened at $67.66 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.76 and a beta of 1.02. The firm’s 50 day simple moving average is $65.76 and its 200-day simple moving average is $63.09. Burke & Herbert Financial Services Corp. has a 12 month low of $47.57 and a 12 month high of $70.90.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.91 by $0.07. Burke & Herbert Financial Services had a net margin of 23.89% and a return on equity of 15.11%. The company had revenue of $86.56 million for the quarter, compared to analyst estimates of $80.72 million. Analysts expect that Burke & Herbert Financial Services Corp. will post 8.05 EPS for the current year.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. Burke & Herbert Financial Services’s dividend payout ratio is presently 28.50%.

Analyst Ratings Changes

A number of brokerages have commented on BHRB. Zacks Research raised Burke & Herbert Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burke & Herbert Financial Services in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.50.

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.