Burke & Herbert Financial Services

BHRB · NASDAQ

$70.15+$1.06 (+1.53%)TodayMarket closed · Oct 20, 4:04 PM ET

Prev close $69.09

BHRB analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 6 analysts

Average $81.60 (+16.3% upside)

Low: $75.75
Now: $70.15
High: $86.10

Upgrades and downgrades

The latest rating actions, newest first

BHRB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Jul 31, 2026	Maintains	Outperform	$80.00 → $81.00	79%
Freedom Broker	May 15, 2026	Upgrade	Hold → Buy	$74.00	66%
DA Davidson	Apr 27, 2026	Maintains	Neutral	$70.00	53%
DA Davidson	Feb 25, 2026	Initiates	Neutral	$75.00	53%
Freedom Broker	Feb 25, 2026	Downgrade	Buy → Hold	$73.00 → $74.00	66%
Freedom Broker	Nov 7, 2025	Maintains	Buy	$71.00 → $73.00	66%

The case for and against

Updated Aug 12, 2026

Bull case

Burke & Herbert Financial is expected to experience steady growth in the coming years as they continue to invest in high-income markets, diversify their loan portfolio, and maintain a stable credit outlook. While the LNKB acquisition may present some integration risks in the short term, the company's disciplined lending strategy and projected positive operating leverage should drive solid financial performance. With attractive pricing metrics and a strong management team, BHRB is a promising investment opportunity for those with a long-term outlook.

Bear case

Burke & Herbert Financial is expected to face challenges in the coming quarters due to higher expenses and a decline in net interest income. Despite an attractive mid-Atlantic footprint, the bank's reliance on participation loans and a pro forma CRE concentration ratio of ~340% raises concerns. Additionally, the recent acquisition is expected to bring significant loan growth, but the resulting integration risk and operational uncertainty may limit potential profits in the near term. The bank's leadership team has a track record of growth through deals, but the market may place a higher value on consistent and easy-to-understand business models.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.