Burke & Herbert Bank & Trust Co. Invests $15.42 Million in Burke & Herbert Financial Services Corp. (OTCMKTS:BHRB)

Burke & Herbert Bank & Trust Co. bought a new position in Burke & Herbert Financial Services Corp. (OTCMKTS:BHRB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 240,105 shares of the company’s stock, valued at approximately $15,415,000. Burke & Herbert Financial Services comprises about 10.4% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its biggest holding.

Burke & Herbert Financial Services Trading Up 2.3 %

OTCMKTS BHRB traded up 1.13 during trading hours on Monday, hitting 50.18. 500,400 shares of the company were exchanged, compared to its average volume of 22,898. The stock has a 50-day moving average price of 51.52 and a 200 day moving average price of 67.53. Burke & Herbert Financial Services Corp. has a 52 week low of 47.72 and a 52 week high of 85.00.

Burke & Herbert Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.53 per share. The ex-dividend date was Monday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 4.22%.

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 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.