Burke & Herbert Financial Services CorpBHRB
Market Cap: $941M
About: Burke & Herbert Financial Services Corp is the bank holding company. The bank offers a full range of business and personal financial solutions designed to meet customers' banking, borrowing, and investment needs and has over 20 branches throughout the Northern Virginia region and commercial loan offices in Fredericksburg, Loudoun County, and Richmond, Virginia, and in Bethesda, Maryland. The Company operates in one segment which includes Community Banking. The company generates revenue from sources such as Fiduciary and wealth management income, Service charges and fees on deposit accounts consist of monthly service fees, check orders, and other deposit account related fees. Debit card fees and other service charges are primarily comprised of debit and credit card income, ATM fees.
Employees: 850
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,667% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 3
483% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 6
124% more capital invested
Capital invested by funds: $105M [Q1] → $236M (+$131M) [Q2]
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
94% more funds holding
Funds holding: 53 [Q1] → 103 (+50) [Q2]
5.94% more ownership
Funds ownership: 25.25% [Q1] → 31.19% (+5.94%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Keefe, Bruyette & Woods Wood Lay 62% 1-year accuracy 13 / 21 met price target | 16%upside $73 | Market Perform Maintained | 29 Jul 2024 |