Maddy Charles III Sells Shares in Burke & Herbert Financial Services
Maddy Charles III sold shares of Burke & Herbert Financial Services, with transactions on June 29, 2026.
Key Points
- Maddy Charles III, President of Burke & Herbert Financial Services, sold shares on June 29, 2026.
- Shares of NasdaqCM:BHRB traded near $71.97 on Tuesday, with a market cap of $1.44 billion and a P/E ratio of 9.25.
- Analysts have set new price targets, with Freedom Broker upgrading the stock to 'buy' with a $74 target.
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On June 29, 2026, Maddy Charles III, the President of Burke & Herbert Financial Services Corp., sold shares of the company. The transactions were not part of a pre-planned trading arrangement.
Insider Buying and Selling at Burke & Herbert Financial Services Corp.
Maddy Charles III, who serves as President, was active in trading shares of Burke & Herbert Financial Services at the end of June. On June 29, he sold 18,354 shares at an average price of $71.44. Just a few days earlier, on June 25, he purchased 15,934 shares at $47.47 and sold 12,380 shares at $69.29. These transactions were not conducted under a Rule 10b5-1 trading plan.
Other Institutional Activity in Burke & Herbert Financial Services
Several institutional investors have also been adjusting their positions in Burke & Herbert Financial Services. BlackRock, Inc. increased its holdings by 2,510 shares, bringing its total to 982,759 shares valued at about $61.2 million. Vanguard Capital Management LLC opened a new position with 562,215 shares valued at approximately $35 million. State Street Corp added 43,023 shares, ending with 403,868 shares worth roughly $25.2 million, marking an 11.9% increase. Geode Capital Management, LLC added 8,936 shares, resulting in 379,643 shares valued at $23.7 million. Dimensional Fund Advisors LP increased its stake by 49,957 shares, totaling 367,948 shares worth about $22.9 million, a 15.7% increase.
Burke & Herbert Financial Services Corp. Stock Up 0.2%
Shares of Burke & Herbert Financial Services Corp. (NasdaqCM:BHRB) traded near $71.97 on Tuesday. The company has a market cap of approximately $1.44 billion, with a P/E ratio of 9.25 and a forward P/E of 8.09. The stock's 52-week range is between $56.11 and $71.38, and it has a 50-day moving average of $64.46 and a 200-day moving average of $63.79. With a beta of 0.25, the stock shows lower volatility compared to the overall market.
$BHRB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Burke & Herbert Financial Services reported revenue of $340.9 million, with a revenue growth rate of 2.9%. The company has a net margin of 34.45% and a return on equity of 14.48%. The next earnings report is scheduled for July 23, 2026.
Dividend
The company pays an annual dividend of $2.20 per share, yielding 3.1%. Its dividend payout ratio is 28.53%, and the next ex-dividend date has not been announced yet.
Analysts Set New Price Targets
Analysts have been updating their outlook on Burke & Herbert Financial Services. On May 15, 2026, Freedom Broker upgraded the stock to a 'buy' rating with a price target of $74. DA Davidson maintained a 'hold' rating with a $70 target on April 27, 2026. The consensus among four analysts is a 'buy' recommendation, with an average target price of $73.25.
About Burke & Herbert Financial Services
Burke & Herbert Financial Services Corp. is a bank holding company for Burke & Herbert Bank & Trust Company, providing a range of community banking products and services in the U.S. The company offers deposit accounts, loans, cash management services, and wealth and trust services. Headquartered in Alexandria, Virginia, Burke & Herbert was founded in 1852 and is led by CEO Roy E. Halyama. The company employs approximately 830 people.
Bottom Line
Maddy Charles III's recent share sales are part of ongoing trading activity at Burke & Herbert Financial Services. The company's stock performance and institutional interest make it a noteworthy player in the regional banking sector. As a reminder, insider transactions and institutional filings like these are typically reported after the fact and may not reflect current holdings.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.