New insider activity at Burke & Herbert Bank & Company ( (BHRB) ) has taken place on February 6, 2025.
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Director Gary Hinkle made a significant move by purchasing 1,104 shares of Burke & Herbert Bank & Company stock, with the transaction valued at $71,119.
Recent Updates on BHRB stock
In the last 24 hours, Burke & Herbert Financial Services saw a price target adjustment by Keefe Bruyette, which lowered its target from $79 to $76 while upgrading the stock to an Outperform rating. This change follows the company’s successful completion of its core conversion in November, marking a significant step in integrating its acquisition of Summit Financial. The analyst cited clearer and cleaner operating results post-conversion and a favorable valuation as reasons for the upgrade. Additionally, Burke & Herbert reported strong Q4 earnings, with EPS rising to $1.77 from 83 cents in the previous year, reflecting the financial benefits of the merger with Summit and growth in loans and core deposits, as highlighted by CEO David P. Boyle. The balance sheet also shows ample liquidity and capital going into 2025, promising increased value for stakeholders.
More about Burke & Herbert Bank & Company
YTD Price Performance: 6.35%
Average Trading Volume: 41,186
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $963M