Burke Herbert Finl Svcs saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Burke Herbert Finl Svcs broke out earlier, but is now trading around 1% below the prior 70.00 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may show wider daily or weekly fluctuations than stocks with greater trading volume.
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The stock sports a 91 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 91% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 164% earnings growth for Q3. That marks three straight reports with rising EPS performance. Revenue growth climbed 208%, up from 144% in the prior report. The company has now posted rising growth in each of the last three reports.
Burke Herbert Finl Svcs holds the No. 4 rank among its peers in the Banks-Southeast industry group. MetroCity Bankshares is the top-ranked stock within the group.
