Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jose David Riojas Acquires 400 Shares

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jose David Riojas bought 400 shares of the stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $52.50 per share, with a total value of $21,000.00. Following the completion of the acquisition, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $735,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Burke & Herbert Financial Services Trading Down 0.2 %

NASDAQ:BHRB opened at $52.26 on Thursday. The company’s 50 day moving average price is $53.99 and its 200-day moving average price is $53.80. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given 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 4.06%. Burke & Herbert Financial Services’s dividend payout ratio (DPR) is 2.22%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in shares of 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 valued at $249,000 after purchasing an additional 1,359 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Burke & Herbert Financial Services in the 3rd quarter worth approximately $281,000. Sandy Spring Bank boosted its holdings in shares of Burke & Herbert Financial Services by 2.1% in the third quarter. Sandy Spring Bank now owns 25,998 shares of the company’s stock worth $1,208,000 after buying an additional 546 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Burke & Herbert Financial Services during the third quarter valued at approximately $43,000. Finally, Bank of New York Mellon Corp increased its holdings in Burke & Herbert Financial Services by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 19,865 shares of the company’s stock valued at $923,000 after buying an additional 3,864 shares during the last quarter. 4.93% of the stock is currently owned by hedge funds and other institutional investors.

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.