Gary L. Hinkle Acquires 1,608 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRBGet Free Report) Director Gary L. Hinkle bought 1,608 shares of Burke & Herbert Financial Services stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $49.60 per share, with a total value of $79,756.80. Following the completion of the purchase, the director now owns 215,458 shares in the company, valued at $10,686,716.80. The purchase was disclosed in a filing with the SEC, which is available at this link.

Burke & Herbert Financial Services Stock Performance

NASDAQ BHRB opened at $48.85 on Friday. Burke & Herbert Financial Services Corp. has a 52 week low of $42.91 and a 52 week high of $85.00. The business has a 50 day moving average price of $53.42 and a 200-day moving average price of $54.04.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently declared 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 4.34%.

Institutional Investors Weigh In On Burke & Herbert Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Burke & Herbert Financial Services by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 341,705 shares of the company’s stock valued at $19,146,000 after purchasing an additional 4,574 shares during the last quarter. Sandy Spring Bank boosted its position in shares of Burke & Herbert Financial Services by 2.1% during the third quarter. Sandy Spring Bank now owns 25,998 shares of the company’s stock valued at $1,208,000 after buying an additional 546 shares during the last quarter. Bank of New York Mellon Corp grew 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 worth $923,000 after buying an additional 3,864 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Burke & Herbert Financial Services in the 3rd quarter valued at $281,000. Finally, SG Americas Securities LLC boosted its holdings 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 during the last quarter.

About Burke & Herbert Financial Services

(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 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.

Further Reading

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

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