Insider Charles Piccirillo Buys Shares of Burke & Herbert Financial Services
Charles Piccirillo purchased 1,000 shares of Burke & Herbert Financial Services on June 19.
Key Points
- On June 19, Charles Piccirillo bought 1,000 shares of Burke & Herbert Financial Services, with shares trading near $65.51 on Tuesday.
- Burke & Herbert Financial Services has a market cap of about $1.32 billion and a P/E ratio of 8.49.
- Analysts have set a mean price target of $73.25 for Burke & Herbert Financial Services, with recent upgrades to a buy rating.
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Charles Piccirillo made a notable insider move by buying 1,000 shares of Burke & Herbert Financial Services Corp. (NasdaqCM: BHRB) on June 19. Shares of the company were trading around $65.51 on Tuesday.
Insider Buying and Selling at Burke & Herbert Financial Services Corp.
In addition to Charles Piccirillo, several other insiders, including Diane Poillon, Kristen Snyder, James Mason Burke, Georgette George, Julian Forrest Barnwell Jr., and Shawn Patrick McLaughlin, each purchased 1,000 shares of Burke & Herbert Financial Services on June 19. None of these transactions were planned sales under Rule 10b5-1, indicating potential confidence in the company's future.
Burke & Herbert Financial Services Corp. Stock Down 8.7%
Shares of Burke & Herbert Financial Services Corp. traded near $65.51 on Tuesday. The company has a market cap of approximately $1.32 billion and a P/E ratio of 8.49, suggesting the stock is relatively inexpensive compared to its earnings. Its 52-week range is between $55.83 and $70.90. The stock's 50-day moving average stands at $64.20, while the 200-day moving average is $63.66, reflecting stable trading patterns.
$BHRB stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 15, 2026, Freedom Broker upgraded Burke & Herbert Financial Services to a buy rating, setting a price target of $74.0. DA Davidson has maintained a hold rating with a target of $70.0 since April 27, 2026. The consensus among analysts is a mean price target of $73.25, with four analysts currently providing opinions on the stock.
About Burke & Herbert Financial Services Corp.
Burke & Herbert Financial Services Corp. is a bank holding company for Burke & Herbert Bank & Trust Company, offering a range of community banking products and services. Headquartered in Alexandria, Virginia, the company provides consumer and commercial deposit products, loans, and wealth management services. Under the leadership of CEO Roy E. Halyama, it operates with approximately 830 employees and has been serving its community since 1852.
Bottom Line
Insider buying at Burke & Herbert Financial Services suggests some confidence among company leaders. With a stable market position and a reasonable P/E ratio, the company remains on analysts' radars. However, investors should note that insider transactions are disclosed after they occur and may not reflect current trading activity.
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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.