David Wilson Acquires Shares in Burke & Herbert Financial Services
David Wilson purchased 1,000 shares of Burke & Herbert Financial Services Corp., reflecting insider confidence.
Key Points
- David Wilson bought 1,000 shares of Burke & Herbert Financial Services on June 19, 2026, with the stock trading at $65.51.
- Burke & Herbert Financial Services has a market cap of approximately $1.32 billion and a P/E ratio of 8.49.
- Other insiders, including Diane Poillon and Kristen Snyder, also bought 1,000 shares each on the same day.
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David Wilson, an insider at Burke & Herbert Financial Services Corp. (NasdaqCM: BHRB), purchased 1,000 shares of the company on June 19, 2026. The transaction was not part of a pre-planned trading program. Shares of Burke & Herbert were trading at $65.51 on Tuesday.
Other Institutional Activity in Burke & Herbert Financial Services
Several institutional investors have adjusted 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 approximately $61.2 million. Vanguard Capital Management LLC opened a new position with 562,215 shares worth about $35.0 million. State Street Corp added 43,023 shares, resulting in a total of 403,868 shares valued at $25.2 million, marking an 11.9% increase. Geode Capital Management, LLC grew its stake by 8,936 shares, ending with 379,643 shares valued at $23.7 million. Dimensional Fund Advisors LP increased its position by 49,957 shares, holding a total of 367,948 shares worth $22.9 million, a 15.7% rise.
Burke & Herbert Financial Services Corp. Stock Down 8.7%
Shares of Burke & Herbert Financial Services traded near $65.51 on Tuesday. The company has a market capitalization of about $1.32 billion and a P/E ratio of 8.49. Its forward P/E is 7.43, and it has a beta of 0.25, indicating lower volatility compared to the market. The stock's 52-week range is between $55.83 and $70.90, with a 50-day moving average of $64.20 and a 200-day moving average of $63.66.
$BHRB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Burke & Herbert reported revenue of approximately $340.9 million, reflecting a growth of 2.9%. The company's net margin stands at 34.5%, with a return on equity of 14.5%. The next earnings report is scheduled for July 23, 2026.
Dividend
The company offers an annual dividend rate of $2.20, yielding 3.36%. The dividend payout ratio is 28.5%.
Insider Buying and Selling at Burke & Herbert Financial Services Corp.
In addition to David Wilson, several other insiders made purchases on June 19, 2026. Diane Poillon, Kristen Snyder, James Mason Burke, Georgette George, Julian Forrest Barnwell Jr., and Shawn Patrick McLaughlin each bought 1,000 shares. None of these transactions were planned trades.
Analysts Set New Price Targets
On May 15, 2026, Freedom Broker upgraded Burke & Herbert Financial Services to a 'buy' rating with a target price of $74. DA Davidson maintained a 'hold' rating with a $70 target on April 27, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $73.25 based on four analyst opinions.
About Burke & Herbert Financial Services
Burke & Herbert Financial Services Corp. is the holding company for Burke & Herbert Bank & Trust Company, a regional bank headquartered in Alexandria, Virginia. Founded in 1852, the bank offers a range of financial services including consumer and commercial banking, loans, and wealth management. Led by CEO Roy E. Halyama, the company employs around 830 people.
Bottom Line
David Wilson's purchase of 1,000 shares in Burke & Herbert Financial Services indicates insider confidence in the company. With a solid market cap and a reasonable P/E ratio, the bank continues to attract institutional interest. Investors should note that insider transactions are disclosed after they occur 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.