Jose David Riojas Buys 600 Shares of Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Stock

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) Director Jose David Riojas purchased 600 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $48.00 per share, for a total transaction of $28,800.00. Following the completion of the transaction, the director now owns 14,600 shares in the company, valued at $700,800. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Jose David Riojas also recently made the following trade(s):

• On Tuesday, April 30th, Jose David Riojas acquired 400 shares of Burke & Herbert Financial Services stock. The shares were bought at an average price of $52.50 per share, with a total value of $21,000.00.

Burke & Herbert Financial Services Trading Up 1.5 %

Shares of NASDAQ BHRB traded up $0.70 during trading on Friday, reaching $48.78. The company had a trading volume of 23,698 shares, compared to its average volume of 40,942. Burke & Herbert Financial Services Corp. has a 12-month low of $42.91 and a 12-month high of $84.99. The business’s 50-day moving average is $52.44 and its 200 day moving average is $54.30.

Burke & Herbert Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.12 dividend on an annualized basis and a yield of 4.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Burke & Herbert Financial Services during the third quarter valued at approximately $43,000. SG Americas Securities LLC boosted its stake in Burke & Herbert Financial Services by 52.3% during the 4th quarter. SG Americas Securities LLC now owns 3,955 shares of the company’s stock valued at $249,000 after purchasing an additional 1,359 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Burke & Herbert Financial Services during the 3rd quarter valued at $281,000. Quadrature Capital Ltd bought a new stake in shares of Burke & Herbert Financial Services in the 1st quarter worth $392,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Burke & Herbert Financial Services by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 19,865 shares of the company’s stock worth $923,000 after purchasing an additional 3,864 shares during the last quarter.

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.