New insider activity at Burke & Herbert Bank & Company ( (BHRB) ) has taken place on March 11, 2025.
Director Julian Forrest Jr. Barnwell has made a significant investment by purchasing 1,000 shares of Burke & Herbert Bank & Company stock, valued at $59,750. Similarly, Director Jose David Riojas has acquired 600 shares of the same stock, with his purchase amounting to $36,120.
Recent Updates on BHRB stock
In the last 24 hours, Burke & Herbert Financial Services has seen significant developments affecting its stock. The company released its Q4 2024 earnings, reporting a net income of $19.6 million and an EPS of $1.30, which is a substantial increase from the previous year’s EPS of $0.83. This strong performance, coupled with the completion of a merger with Summit Financial Group, has enhanced the company’s operational scale and capabilities. Despite a slight decrease in net interest margin to 3.91%, Burke & Herbert maintains a robust financial position with total liquidity of $4.2 billion and total deposits of $6.5 billion. The price target for Burke & Herbert was lowered by Keefe Bruyette due to unspecified reasons, but the stock was simultaneously upgraded to ‘Outperform’ from ‘Market Perform,’ reflecting confidence in its future growth prospects. The company remains optimistic about leveraging its recent merger and liquidity to capitalize on new opportunities in the financial sector.
More about Burke & Herbert Bank & Company
YTD Price Performance: -2.49%
Average Trading Volume: 53,309
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $902.4M
Read More: Directors Make Major Moves with Burke & Herbert Bank Stock Purchases!
