Burke & Herbert Financial Services CorpBHRB
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: 857
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
46% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 26
28% more capital invested
Capital invested by funds: $238M [Q2] → $304M (+$66.4M) [Q3]
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
3% more funds holding
Funds holding: 105 [Q2] → 108 (+3) [Q3]
2.01% more ownership
Funds ownership: 31.38% [Q2] → 33.39% (+2.01%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Wood Lay 67% 1-year accuracy 34 / 51 met price target | 23%upside $79 | Market Perform Maintained | 4 Dec 2024 |
DA Davidson Manuel Navas 60% 1-year accuracy 3 / 5 met price target | 18%upside $76 | Buy Initiated | 16 Oct 2024 |
Financial journalist opinion
