Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Announces $0.53 Quarterly Dividend

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.53 per share on Tuesday, September 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, August 15th.

Burke & Herbert Financial Services has increased its dividend by an average of 2.0% annually over the last three years.

Burke & Herbert Financial Services Stock Performance

NASDAQ:BHRB opened at $68.72 on Friday. The business’s 50-day moving average price is $51.53 and its two-hundred day moving average price is $53.69. Burke & Herbert Financial Services has a twelve month low of $42.91 and a twelve month high of $69.22. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.13.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its quarterly earnings results on Friday, May 10th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $26.39 million for the quarter. Burke & Herbert Financial Services had a return on equity of 6.82% and a net margin of 12.04%.

Insider Activity at Burke & Herbert Financial Services

In other news, Director Gary L. Hinkle acquired 613 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $49.65 per share, with a total value of $30,435.45. Following the acquisition, the director now owns 216,071 shares in the company, valued at approximately $10,727,925.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gary L. Hinkle purchased 2,039 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $102,459.75. Following the transaction, the director now directly owns 222,169 shares in the company, valued at $11,163,992.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary L. Hinkle acquired 613 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $49.65 per share, for a total transaction of $30,435.45. Following the completion of the transaction, the director now owns 216,071 shares in the company, valued at approximately $10,727,925.15. The disclosure for this purchase can be found here. In the last three months, insiders have bought 8,730 shares of company stock valued at $431,321. Corporate insiders own 9.65% of the company’s stock.

Burke & Herbert Financial Services Company Profile

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.