Have Insiders Sold Burke & Herbert Financial Services Shares Recently?
Anyone interested in Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) should probably be aware that the Independent Director, James Geary, recently divested US$229k worth of shares in the company, at an average price of US$72.83 each. On the bright side, that sale was only 6.3% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At Burke & Herbert Financial Services
The Independent Director Julian Barnwell made the biggest insider purchase in the last 12 months. That single transaction was for US$315k worth of shares at a price of US$63.05 each. Even though the purchase was made at a significantly lower price than the recent price (US$71.55), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$1.2m for 18.33k shares. But they sold 7.76k shares for US$557k. Overall, Burke & Herbert Financial Services insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Burke & Herbert Financial Services
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Burke & Herbert Financial Services insiders own about US$213m worth of shares (which is 15% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Burke & Herbert Financial Services Insiders?
Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like Burke & Herbert Financial Services insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Burke & Herbert Financial Services. At Simply Wall St, we've found that Burke & Herbert Financial Services has 2 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
Of course Burke & Herbert Financial Services may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.