Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Burke Herbert Financial Services (NASDAQ: BHRB) improved of late. BHRB’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Burke Herbert Financial Services (NASDAQ: BHRB) stock rose modestly by 0.6%, closing at $60.36. Moreover, above average trading volume at 148% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -6.1% during the last week.
Current PriceTarget Research Rating
BHRB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Burke Herbert Financial Services has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Burke Herbert Financial Services has a neutral Power Rating of 44 and a neutral Appreciation Score of 41, and the Low Neutral Value Trend Rating results.
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