Stock Rating Downgrade
The Value Trend Rating for Burke Herbert Financial Services (NASDAQ: BHRB) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Burke Herbert Financial Services (NASDAQ: BHRB) stock closed at $63.10 on 8/16/24 after an increase of 1.1%. However, below average trading volume at 77% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.1% 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 D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Burke Herbert Financial Services has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 40, producing the Negative Value Trend Rating.
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