Burke & Herbert Financial Services Future Growth

Future criteria checks 5/6

Burke & Herbert Financial Services is forecast to grow earnings and revenue by 66% and 25.1% per annum respectively. EPS is expected to grow by 60% per annum. Return on equity is forecast to be 13.7% in 3 years.

Key information

66.0%

Earnings growth rate

60.0%

EPS growth rate

Banks earnings growth	10.8%
Revenue growth rate	25.1%
Future return on equity	13.7%
Analyst coverage	Low
Last updated	18 Dec 2024

Recent future growth updates

Recent updates

Burke & Herbert Financial Services (NASDAQ:BHRB) Is Paying Out A Dividend Of $0.53

Oct 31

Burke & Herbert Financial Services (NASDAQ:BHRB) Ticks All The Boxes When It Comes To Earnings Growth

Jun 29

Earnings and Revenue Growth Forecasts

NasdaqCM:BHRB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	361	121	N/A	N/A	2
12/31/2025	347	115	N/A	N/A	2
12/31/2024	266	34	N/A	N/A	2
9/30/2024	181	21	7	19	N/A
6/30/2024	125	-3	-5	7	N/A
3/31/2024	108	20	26	39	N/A
12/31/2023	109	23	28	43	N/A
9/30/2023	118	31	37	45	N/A
6/30/2023	124	38	26	53	N/A
3/31/2023	129	42	32	58	N/A
12/31/2022	130	44	38	61	N/A
9/30/2022	123	39	N/A	N/A	N/A
6/30/2022	119	37	N/A	N/A	N/A
3/31/2022	115	36	N/A	N/A	N/A
12/31/2021	113	36	54	55	N/A
9/30/2021	110	37	N/A	N/A	N/A
6/30/2021	105	33	N/A	N/A	N/A
3/31/2021	96	29	N/A	N/A	N/A
12/31/2020	93	26	20	23	N/A
9/30/2020	89	16	N/A	N/A	N/A
6/30/2020	91	15	N/A	N/A	N/A
3/31/2020	98	15	N/A	N/A	N/A
12/31/2019	98	17	24	26	N/A
9/30/2019	110	28	N/A	N/A	N/A
6/30/2019	111	32	N/A	N/A	N/A
3/31/2019	113	34	N/A	N/A	N/A
12/31/2018	112	34	32	35	N/A
9/30/2018	109	28	N/A	N/A	N/A
6/30/2018	109	29	N/A	N/A	N/A
3/31/2018	109	29	N/A	N/A	N/A
12/31/2017	109	28	N/A	N/A	N/A
9/30/2017	110	29	N/A	N/A	N/A
6/30/2017	108	28	N/A	N/A	N/A
3/31/2017	107	27	N/A	N/A	N/A
12/31/2016	105	27	N/A	N/A	N/A
9/30/2016	103	31	N/A	N/A	N/A
6/30/2016	102	31	N/A	N/A	N/A
3/31/2016	102	30	N/A	N/A	N/A
12/31/2015	102	31	N/A	N/A	N/A
9/30/2015	104	32	N/A	N/A	N/A
6/30/2015	105	33	N/A	N/A	N/A
3/31/2015	105	34	N/A	N/A	N/A
12/31/2014	104	34	N/A	N/A	N/A
9/30/2014	103	33	N/A	N/A	N/A
6/30/2014	102	33	N/A	N/A	N/A
3/31/2014	102	33	N/A	N/A	N/A
12/31/2013	103	35	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHRB's forecast earnings growth (66% per year) is above the savings rate (2.6%).

Earnings vs Market: BHRB's earnings (66% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: BHRB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BHRB's revenue (25.1% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: BHRB's revenue (25.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BHRB's Return on Equity is forecast to be low in 3 years time (13.7%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 10:37
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Burke & Herbert Financial Services Corp. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	D.A. Davidson & Co.
Manuel Navas	D.A. Davidson & Co.
Wood Lay	Keefe, Bruyette, & Woods

Burke & Herbert Financial Services Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 8.8% to US$80.50

Recent updates

Price target increased by 8.8% to US$80.50

Independent Director recently bought US$206k worth of stock

Burke & Herbert Financial Services Corp. and Burke & Herbert Bank & Trust Company Announces Executive Changes

Insider recently bought US$356k worth of stock

New minor risk - Earnings quality

Director recently sold US$128k worth of stock

Director recently sold US$128k worth of stock

Third quarter dividend increased to US$0.55

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Burke & Herbert Financial Services Corp. Declares Cash Dividend, Payable on December 2, 2024

Insider recently bought US$340k worth of stock

Director recently sold US$134k worth of stock

Burke & Herbert Financial Services' (NASDAQ:BHRB) Dividend Will Be $0.53

Second quarter dividend of US$0.53 announced

Second quarter 2024 earnings released: US$1.41 loss per share (vs US$0.81 profit in 2Q 2023)

Burke & Herbert Financial Services Corp. Declares Common Stock Dividend, Payable on September 3, 2024

Investor sentiment improves as stock rises 16%

Chair & CEO exercised options and sold US$243k worth of stock

Insider recently bought US$168k worth of stock

New major risk - Shareholder dilution

Insider recently bought US$80k worth of stock

Burke & Herbert Financial Corporation Announces Board and Committee Appointments

Burke & Herbert Financial Services' (NASDAQ:BHRB) Dividend Will Be $0.53

First quarter dividend of US$0.53 announced

Burke & Herbert Financial Services Corp. Declares Regular Quarterly Cash Dividend, Payable on June 3, 2024

First quarter 2024 earnings released: EPS: US$0.70 (vs US$1.01 in 1Q 2023)

Burke & Herbert Financial Services Corp., Annual General Meeting, Jul 15, 2024

Burke & Herbert Financial Services Corp., Annual General Meeting, Jul 15, 2024

Full year 2023 earnings released: EPS: US$3.06 (vs US$5.93 in FY 2022)

Director recently bought US$156k worth of stock

Chair, President & CEO exercised options and sold US$59k worth of stock

Director recently bought US$133k worth of stock

Upcoming dividend of US$0.53 per share at 3.8% yield

Director recently bought US$68k worth of stock

Fourth quarter dividend of US$0.53 announced

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: US$3.06 (vs US$5.93 in FY 2022)

Burke & Herbert Financial Services Corp. Declares Regular Cash Dividend, Payable on March 1, 2024

Burke & Herbert: First Underperformance, Then Recovery (2024E Outlook)

Director recently bought US$54k worth of stock

Upcoming dividend of US$0.53 per share at 4.7% yield

Burke & Herbert Financial Services (NASDAQ:BHRB) Is Paying Out A Dividend Of $0.53

Burke & Herbert Financial Services Corp. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on December 1, 2023

Third quarter 2023 earnings released: EPS: US$0.55 (vs US$1.50 in 3Q 2022)

Director recently bought US$149k worth of stock

Burke & Herbert Financial Services Corp. (NasdaqCM:BHRB) entered into a definitive agreement to acquire Summit Financial Group, Inc. (NasdaqGS:SMMF) from shareholders in a merger of equals transaction for approximately $380 million.

Burke & Herbert Financial Services Corp. Announces Executive Changes

Upcoming dividend of US$0.53 per share at 4.1% yield

Burke & Herbert Financial Services Corp. Declares Regular Cash Dividend, Payable on September 1, 2023

Second quarter 2023 earnings released: EPS: US$0.81 (vs US$1.40 in 2Q 2022)

Now 20% undervalued after recent price drop

Burke & Herbert Financial Services (NASDAQ:BHRB) Ticks All The Boxes When It Comes To Earnings Growth

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.53 per share at 2.7% yield

First quarter 2023 earnings released: EPS: US$1.01 (vs US$1.23 in 1Q 2022)

Burke & Herbert Bank Announces Board Appointments

Burke & Herbert Financial Services Corp. Appoints David P. Boyle as Chair of Board

Burke & Herbert Financial Services Corp. Announces Common Stock Dividend, Payable on December 1, 2022

Burke Herbert Bank Announces Appointment of Gregory P. Mellors as Senior Vice President, Commercial Banking, Effective January 19, 2021