What is DA Davidson’s Forecast for BHRB FY2025 Earnings?

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) – Equities research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Burke & Herbert Financial Services in a note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the company will earn $7.50 per share for the year, down from their previous forecast of $7.55. The consensus estimate for Burke & Herbert Financial Services’ current full-year earnings is $8.05 per share.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings data on Friday, April 25th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $85.50 million. Burke & Herbert Financial Services had a return on equity of 15.20% and a net margin of 12.02%.

A number of other analysts have also recently weighed in on BHRB. Keefe, Bruyette & Woods lowered their target price on shares of Burke & Herbert Financial Services from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen raised Burke & Herbert Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

Burke & Herbert Financial Services Trading Up 1.2%

Shares of Burke & Herbert Financial Services stock opened at $63.78 on Wednesday. Burke & Herbert Financial Services has a 52-week low of $47.28 and a 52-week high of $75.32. The firm has a market capitalization of $957.34 million, a PE ratio of 18.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.83. The company’s fifty day moving average price is $57.36 and its two-hundred day moving average price is $58.65.

Burke & Herbert Financial Services declared that its Board of Directors has initiated a share buyback program on Friday, April 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Burke & Herbert Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.55 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.20 annualized dividend and a dividend yield of 3.45%. Burke & Herbert Financial Services’s dividend payout ratio is presently 62.68%.

Insider Transactions at Burke & Herbert Financial Services

In other news, Director Samuel Laing Hinson III acquired 4,802 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $55.00 per share, with a total value of $264,110.00. Following the completion of the acquisition, the director owned 33,602 shares in the company, valued at approximately $1,848,110. This represents a 16.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shawn Patrick Mclaughlin bought 1,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $56.50 per share, with a total value of $56,500.00. Following the purchase, the director directly owned 64,000 shares of the company’s stock, valued at $3,616,000. The trade was a 1.59% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 10,302 shares of company stock valued at $560,535. 10.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of large investors have recently bought and sold shares of BHRB. Swiss National Bank boosted its stake in Burke & Herbert Financial Services by 1.1% in the fourth quarter. Swiss National Bank now owns 26,400 shares of the company’s stock worth $1,646,000 after purchasing an additional 300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Burke & Herbert Financial Services by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,030 shares of the company’s stock worth $451,000 after buying an additional 319 shares in the last quarter. Rhumbline Advisers grew its holdings in Burke & Herbert Financial Services by 1.9% during the 4th quarter. Rhumbline Advisers now owns 18,548 shares of the company’s stock worth $1,157,000 after acquiring an additional 341 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Burke & Herbert Financial Services by 841.3% during the 4th quarter. Sterling Capital Management LLC now owns 433 shares of the company’s stock worth $27,000 after acquiring an additional 387 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Burke & Herbert Financial Services by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 8,214 shares of the company’s stock valued at $512,000 after acquiring an additional 577 shares in the last quarter.

Burke & Herbert Financial Services Company Profile

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.