For its first fiscal quarter (ending March 31), Burke Herbert Financial Services (NASDAQ: BHRB) has reported a -31% decline in E.P.S. from $1.01 a year ago to $0.70 in the current quarter. For the latest four quarters through March 31, E.P.S. were $2.74 versus $5.72 for the same period a year ago — a decline of -52%.
Recent Price Action
On 4/26/24, Burke Herbert Financial Services (NASDAQ: BHRB) stock rose modestly by 0.8%, closing at $54.67. However, trading volume in this advance was unusually low at 64% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BHRB is expected to continue to be a modest Value Builder.
Burke Herbert Financial Services has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Burke Herbert Financial Services has a neutral Appreciation Score of 44 but a good Power Rating of 73, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment