Burke & Herbert Financial Services has appointed Patrick "Kip" Huffman as their new Senior Vice President and Chief Accounting Officer. Huffman, a seasoned CPA, carries almost two decades of expertise in the accounting and finance sectors.
In his new capacity, Huffman will manage the entirety of the company's accounting functions. This includes setting policies, handling financial and regulatory reporting, and ensuring effective risk control execution. Prior to joining Burke & Herbert, Huffman held a similar senior role at a community bank in the Mid-Atlantic region.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Burke & Herbert Financial Services Corp (BHRB, Financial) is $77.50 with a high estimate of $82.00 and a low estimate of $73.00. The average target implies an upside of 54.97% from the current price of $50.01. More detailed estimate data can be found on the Burke & Herbert Financial Services Corp (BHRB) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Burke & Herbert Financial Services Corp's (BHRB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Burke & Herbert Financial Services Corp (BHRB, Financial) in one year is $89.90, suggesting a upside of 79.76% from the current price of $50.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Burke & Herbert Financial Services Corp (BHRB) Summary page.
