Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Burke Herbert Financial Services (NASDAQ: BHRB) improved recently. 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
Burke Herbert Financial Services (NASDAQ: BHRB) stock closed at $51.42 on 3/18/24 after a decline of -2.3%. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -7.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 (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 contradictory signals. Burke Herbert Financial Services has a slightly negative Appreciation Score of 34 but a slightly positive Power Rating of 64, producing the Low Neutral Value Trend Rating.
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