Burke & Herbert Financial Services' Gary Hinkle Acquires 1.8% More Stock

Potential Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) shareholders may wish to note that insider Gary Hinkle recently bought US$356k worth of stock, paying US$68.54 for each share. Although the purchase only increased their holding by 1.8%, it is still a solid purchase in our view.

Check out our latest analysis for Burke & Herbert Financial Services

The Last 12 Months Of Insider Transactions At Burke & Herbert Financial Services

Notably, that recent purchase by Gary Hinkle is the biggest insider purchase of Burke & Herbert Financial Services shares that we've seen in the last year. That implies that an insider found the current price of US$68.69 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Burke & Herbert Financial Services insiders decided to buy shares at close to current prices.

Happily, we note that in the last year insiders paid US$3.4m for 61.42k shares. But they sold 4.00k shares for US$262k. In the last twelve months there was more buying than selling by Burke & Herbert Financial Services insiders. The average buy price was around US$55.24. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Burke & Herbert Financial Services is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Burke & Herbert Financial Services Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Burke & Herbert Financial Services insiders own 12% of the company, worth about US$126m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Burke & Herbert Financial Services Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Burke & Herbert Financial Services. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Burke & Herbert Financial Services (1 doesn't sit too well with us!) that we believe deserve your full attention.

But note: Burke & Herbert Financial Services may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.