Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jose David Riojas Acquires 1,126 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRBGet Free Report) Director Jose David Riojas purchased 1,126 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was acquired at an average cost of $60.00 per share, for a total transaction of $67,560.00. Following the purchase, the director now owns 12,726 shares in the company, valued at $763,560. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Burke & Herbert Financial Services Trading Down 4.6 %

Shares of Burke & Herbert Financial Services stock opened at $58.40 on Thursday. The company has a fifty day simple moving average of $57.36. Burke & Herbert Financial Services Corp. has a 52 week low of $42.91 and a 52 week high of $85.00.

Burke & Herbert Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 14th. Burke & Herbert Financial Services’s payout ratio is 2.22%.

Hedge Funds Weigh In On Burke & Herbert Financial Services

Several hedge funds have recently bought and sold shares of BHRB. Barclays PLC acquired a new position in Burke & Herbert Financial Services during the 2nd quarter worth about $82,000. SG Americas Securities LLC acquired a new position in Burke & Herbert Financial Services during the 3rd quarter worth about $121,000. Burke & Herbert Bank & Trust Co. lifted its stake in Burke & Herbert Financial Services by 0.6% during the 3rd quarter. Burke & Herbert Bank & Trust Co. now owns 241,440 shares of the company’s stock worth $11,219,000 after acquiring an additional 1,335 shares in the last quarter. Bank of New York Mellon Corp lifted its stake 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. Finally, Allspring Global Investments Holdings LLC acquired a new position in Burke & Herbert Financial Services during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 4.93% of the company’s stock.

Burke & Herbert Financial Services Company Profile

(Get Free Report)

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 the Northern Virginia. 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.

Further Reading

Insider Buying and Selling by Quarter for Burke & Herbert Financial Services (NASDAQ:BHRB)

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