KBRA Assigns Ratings to Burke & Herbert Financial Services Corp.
Burke & Herbert Financial Services Corp. (BHRB)
NASDAQ:AMEX Investor Relations:
skiburke.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 for Burke & Herbert Financial Services Corp. (NASDAQ: BHRB)(“the company”). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for its subsidiary, Burke and Herbert Bank and Trust Company. The Outlook for all long-term ratings is Stable.The ratings are supported by the company’s strong funding profile which includes a limited reliance on wholesale borrowings (core deposits were 85% of total funding at 2Q24) and below-average costs (BHRB’s total cost of funds was 2.13% for 2Q24, 45 bps below the rated peer average). Historically concentrated in the Washington, D.C. metro areas, BHRB’s merger with Summit Financial Group, Inc. ("Summit") (completed 2Q24) further enhances its funding base, by adding greater market diversification a
Show less
Read more
Impact Snapshot
Event Time:
BHRB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BHRB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BHRB alerts
High impacting Burke & Herbert Financial Services Corp. news events
Weekly update
A roundup of the hottest topics
BHRB
News
- KBRA Assigns Ratings to Burke & Herbert Financial Services Corp. [Yahoo! Finance]Yahoo! Finance
- Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) had its price target raised by analysts at Keefe, Bruyette & Woods from $66.00 to $73.00. They now have a "market perform" rating on the stock.MarketBeat
- Burke & Herbert Financial Services Corp. Announces Second Quarter 2024 Results and Declares Common Stock Dividend [Yahoo! Finance]Yahoo! Finance
- Burke & Herbert Financial Services Corp. Announces Second Quarter 2024 Results and Declares Common Stock DividendPR Newswire
BHRB
Sec Filings
- 10/2/24 - Form 4
- 9/26/24 - Form N-PX
- 9/6/24 - Form 4
- BHRB's page on the SEC website