Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Buys $102,459.75 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle purchased 2,039 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $50.25 per share, for a total transaction of $102,459.75. Following the completion of the purchase, the director now owns 222,169 shares in the company, valued at approximately $11,163,992.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Burke & Herbert Financial Services Stock Down 2.6 %

NASDAQ BHRB opened at $48.08 on Friday. Burke & Herbert Financial Services Corp. has a 1-year low of $42.91 and a 1-year high of $85.00. The business’s 50-day simple moving average is $52.52 and its 200-day simple moving average is $54.27.

Burke & Herbert Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Tuesday, May 14th.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Burke & Herbert Financial Services during the 3rd quarter worth approximately $43,000. SG Americas Securities LLC lifted its position in Burke & Herbert Financial Services by 52.3% during the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock worth $249,000 after acquiring an additional 1,359 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Burke & Herbert Financial Services during the 3rd quarter worth approximately $281,000. Quadrature Capital Ltd acquired a new position in Burke & Herbert Financial Services during the 1st quarter worth approximately $392,000. Finally, Bank of New York Mellon Corp lifted its position in Burke & Herbert Financial Services by 24.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,865 shares of the company’s stock worth $923,000 after acquiring an additional 3,864 shares in the last quarter.

About Burke & Herbert Financial Services

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit.