Gary L. Hinkle Purchases 2,039 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Gary L. Hinkle acquired 2,039 shares of Burke & Herbert Financial Services stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $50.25 per share, with a total value of $102,459.75. Following the completion of the purchase, the director now owns 222,169 shares in the company, valued at approximately $11,163,992.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Burke & Herbert Financial Services Trading Down 0.3 %

Shares of BHRB opened at $49.38 on Thursday. The business’s 50-day moving average is $52.59 and its 200-day moving average is $54.32. Burke & Herbert Financial Services Corp. has a fifty-two week low of $42.91 and a fifty-two week high of $85.00.

Burke & Herbert Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.12 dividend on an annualized basis and a yield of 4.29%.

Institutional Trading of Burke & Herbert Financial Services

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in Burke & Herbert Financial Services by 52.3% during the fourth 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 period. Bank of New York Mellon Corp grew its position 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. Allspring Global Investments Holdings LLC bought a new position in Burke & Herbert Financial Services during the third quarter valued at about $43,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Burke & Herbert Financial Services during the 3rd quarter worth approximately $281,000. Finally, Vanguard Group Inc. increased its position in shares of Burke & Herbert Financial Services by 1.4% during the first 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 period.

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.