BHRB President Maddy Charles III Buys $1.2M of Stock

Maddy Charles III, the President of Burke & Herbert Financial Services Corp. (NasdaqCM: BHRB), made a significant purchase of company shares recently. On June 29, 2026, he bought 22,724 shares at an average price of $52.04 each, totaling about $1.18 million. This transaction was not part of a pre-planned trading scheme.

Insider Buying and Selling at Burke & Herbert Financial Services Corp.

Maddy Charles III was active in trading Burke & Herbert stock on June 29, 2026. Besides his purchase, he also sold 18,354 shares at $71.44 each. Earlier on June 25, he bought 15,934 shares at $47.47 and sold 12,380 shares at $69.29. These transactions were executed outside any pre-planned trading plan.

Other Institutional Activity in Burke & Herbert

Institutional investors have been adjusting their stakes in Burke & Herbert Financial Services. BlackRock, Inc. increased its holdings by 2,510 shares, ending with 982,759 shares valued at approximately $61.2 million. Vanguard Capital Management LLC opened a new position with 562,215 shares worth about $35 million. State Street Corp grew its stake by 43,023 shares, bringing its total to 403,868 shares valued at $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 expanded its position by 49,957 shares to 367,948 shares, now worth $22.9 million, reflecting a 15.7% increase.

Burke & Herbert Financial Services Corp. Stock Up 2.8%

Shares of Burke & Herbert Financial Services Corp. traded near $71.97 on Tuesday. The company has a market cap of approximately $1.44 billion and a P/E ratio of 9.25. Its forward P/E is slightly lower at 8.09, indicating expectations of future earnings growth. The stock has a beta of 0.25, suggesting lower volatility compared to the broader market. Over the past year, the shares have ranged from $56.11 to $71.38, with a 50-day moving average of $64.46 and a 200-day moving average of $63.79.

Recent Earnings

Burke & Herbert reported revenue of $340.9 million, with a modest growth rate of 2.9%. The company's earnings per share stand at $7.71, and it maintains a healthy net margin of 34.5%. Its return on equity is 14.5%. The next earnings release is scheduled for July 23, 2026.

Dividend

The company pays an annual dividend of $2.20 per share, yielding 3.1%. The dividend payout ratio is 28.5%, which suggests a conservative approach to returning profits to shareholders.

Analysts Set New Price Targets

Analysts have been active in evaluating Burke & Herbert. 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 analysts is a 'buy', with a mean target price of $73.25 based on four opinions.

About Burke & Herbert Financial Services Corp.

Burke & Herbert Financial Services Corp., headquartered in Alexandria, Virginia, operates as the holding company for Burke & Herbert Bank & Trust Company. It offers a range of banking products and services, including deposit accounts, loans, and cash management services. Founded in 1852, the company serves both individual and commercial clients, providing digital banking, wealth management, and business solutions.

Bottom Line

Maddy Charles III's recent activity in Burke & Herbert Financial Services shares highlights his significant stake in the company. Investors often watch insider transactions as a potential indicator of confidence in the company's future. While this report provides insight into past activity, it's important to remember that 13F filings and insider transactions reflect positions at a specific point in time and may not represent current holdings.