Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Purchases $28,800.00 in Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jose David Riojas acquired 600 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $28,800.00. Following the purchase, the director now directly owns 14,600 shares of the company’s stock, valued at $700,800. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Jose David Riojas also recently made the following trade(s):

• On Tuesday, April 30th, Jose David Riojas bought 400 shares of Burke & Herbert Financial Services stock. The shares were acquired at an average price of $52.50 per share, with a total value of $21,000.00.

Burke & Herbert Financial Services Stock Up 1.5 %

BHRB stock opened at $48.78 on Monday. The business has a 50 day moving average of $52.44 and a 200 day moving average of $54.43. Burke & Herbert Financial Services Corp. has a twelve month low of $42.91 and a twelve month high of $84.99.

Burke & Herbert Financial Services (NASDAQ:BHRB) last released its earnings results on Friday, May 10th. The company reported $0.69 EPS for the quarter. The company had revenue of $26.39 million during the quarter.

Burke & Herbert Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.12 dividend on an annualized basis and a yield of 4.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Burke & Herbert Financial Services during the third quarter valued at approximately $43,000. SG Americas Securities LLC raised its stake in shares of Burke & Herbert Financial Services by 52.3% in the fourth quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock worth $249,000 after purchasing an additional 1,359 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Burke & Herbert Financial Services during the third quarter valued at $281,000. Quadrature Capital Ltd purchased a new stake in shares of Burke & Herbert Financial Services during the first quarter valued at $392,000. Finally, Bank of New York Mellon Corp increased its holdings in Burke & Herbert Financial Services by 24.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,865 shares of the company’s stock worth $923,000 after buying 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.