BHRB President Maddy Charles III Sells $1.3M of Stock

President Maddy Charles III Discloses Stock Sale

President Maddy Charles III of Burke & Herbert Financial Services Corp. (NasdaqCM: BHRB) sold 18,354 shares of company stock on June 29, 2026. The transaction executed at a price of $71.44 per share, bringing the total value of the disposition to $1,311,209.76. This filing follows a series of recent insider moves by bank executives in Alexandria, Virginia.

Recent Insider Trading Activity by Leadership

The late June transaction sits alongside multiple other trades from company officers. On the exact same day of June 29, 2026, Maddy Charles III acquired 22,724 shares at a price of $52.04 per share valued at $1,182,627.40. Earlier in the month on June 25, 2026, the President picked up 15,934 shares at $47.47 apiece after disposing of a separate block of 15,934 shares. Additional insider activity in June included open-market acquisitions of 1,000 shares each by insiders Anderson Mark Guthrie, Hinson Samuel Laing III, and Charles Piccirillo on June 19, 2026.

Valuation and Market Position

Trading around $71.86, shares of the regional bank rest close to their 50-day moving average of $71.97 and well above their 200-day moving average of $66.86. The equity has traded between a 52-week low of $57.42 and a 52-week high of $75.09. The institution commands a market value of roughly $1.40 billion, backed by an earnings multiple of 11.38 and a forward P/E of 7.95.

Dividend and Analyst Outlook

Income-focused investors receive an annual dividend of $2.20 per share, which translates to a 3.15% yield based on current levels. On July 31, 2026, Keefe, Bruyette & Woods maintained its Outperform rating on the financial services firm while lifting its price target to $81.00 from $80.00. Across the broader professional analyst community, the regional bank carries a mean price target of $80.00 derived from four separate analyst opinions.

Banking Operations in Virginia

Based in Alexandria, Virginia, Burke & Herbert Financial Services Corp. functions as the parent organization for its primary banking subsidiary. The bank delivers consumer and commercial deposit products, commercial real estate loans, residential mortgages, wealth management, and treasury solutions to customers throughout the region.

Upcoming Financial Reporting

Market participants will review the bank's next financial results when management publishes third-quarter earnings on October 22, 2026. These upcoming disclosures will provide updated metrics regarding revenue growth, loan performance, and net interest margins.