Burke & Herbert Financial Services Corp. (BHRB) To Go Ex-Dividend on May 14th

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.53 per share on Monday, June 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, May 14th.

Burke & Herbert Financial Services has increased its dividend by an average of 2.0% per year over the last three years.

Burke & Herbert Financial Services Stock Down 1.0 %

NASDAQ:BHRB traded down $0.47 during trading hours on Friday, hitting $48.85. The stock had a trading volume of 39,301 shares, compared to its average volume of 42,048. The business’s 50 day moving average is $53.42 and its 200-day moving average is $54.04. Burke & Herbert Financial Services has a one year low of $42.91 and a one year high of $85.00.

Insiders Place Their Bets

In other Burke & Herbert Financial Services news, Director Mark Guthrie Anderson acquired 2,400 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $55.35 per share, for a total transaction of $132,840.00. Following the acquisition, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $619,920. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark Guthrie Anderson acquired 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $55.35 per share, with a total value of $132,840.00. Following the transaction, the director now owns 11,200 shares of the company’s stock, valued at approximately $619,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary L. Hinkle bought 1,608 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $49.60 per share, with a total value of $79,756.80. Following the acquisition, the director now owns 215,458 shares in the company, valued at approximately $10,686,716.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,408 shares of company stock worth $389,597.

Burke & Herbert Financial Services Company Profile

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.