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Insider Cluster (2 insiders) ·Filed Aug 20, 2026

BHRB

Burke & Herbert Financial Services Corp.
NEUTRAL
Impact 2/10
Horizondays Processed2mo ago
Insider cluster: 2 insiders, $213K total
Actionable Insight • Neutral

No actionable signal. The $2K director buy is a rounding error and the $229K director sell is routine diversification for a non-executive board member. Monitor for any C-suite trading or larger-volume activity before drawing conclusions.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d ⚠ clustered
BHRB ▼ -1.55% at T+20d
NEUTRAL call -1.55% · α vs SPY -1.55% · entry $71.00 → $69.90
Next anchor: T+60d in 17d
Latest observation: T+45 -2.75% FF3 residual α
Entry = T+0 close
Aug 20, 2026
via day close
T+1d
+0.77%
call +0.77% · α +0.37%
$71.55
settled 2mo ago
T+5d
+0.87%
call +0.87% · α -0.24%
$71.62
settled 2mo ago
T+20d
-1.55%
call -1.55% · α -1.55%
$69.90
settled 6w ago
T+60d
Pending
in 17d

Price Chart

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Executive Summary

Two directors at Burke & Herbert Financial Services Corp. traded in opposite directions within a week: Director Geary sold ~$229K worth of shares on August 14, while Director Wilson made a token $2K open-market purchase on August 20. The net dollar flow is heavily weighted toward selling ($227K net out), but both trades are from non-C-suite directors, and the total value is only ~0.016% of the company's $1.4B market cap — well below the 0.1% materiality threshold. This cluster is economically trivial and carries no directional signal for traders.

Key Financial Metrics

Direction
mixed
Total Value
$231.0K
Insiders
2

Key Facts

  • Director Geary James P II sold 3,150 shares total (~$229K) on August 14 at ~$72.82-$72.91.
  • Director Wilson David purchased 35 shares (~$2K) on August 20 at $70.57.
  • Total cluster value is ~$231K, representing ~0.016% of BHRB's $1.4B market cap.
  • Both trades are from directors, not C-suite executives — no CEO/CFO involvement.
  • Net direction is mixed (one buy, one sell), but selling dominates by dollar value (99% of total).

Financial Impact

Total insider trading of ~$231K, or ~0.016% of market cap — immaterial.

dilutioninsider ownership

Risk Factors

  • Director selling could indicate personal portfolio rebalancing, not a bearish view.
  • Token director buy may be a compliance-driven minimum holding requirement, not conviction.

Market Snapshot

Exchange
Nasdaq
Sector
National Commercial Banks
Analyst Consensus
80% bullish (10 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BHRB-1787246505602
30 reports for BHRB
Performance horizon
83% Hit rate @ T+60 5 of 6 directional calls Went positive at some point 6 of 8 best @ T+60▲ +19.40%May 12, 2026
Filters
Rows
Reports for BHRB — sortable, filterable
TypeNow
Oct 23, 2026
3d ago
8-K/A
NEUTRAL ★ 2/10
$70.81awaiting T+60—$70.08 (−1.04%)
Oct 22, 2026
4d ago
8-K
BULLISH ★ 6/10
$70.70awaiting T+60—$70.08 (−0.88%)
Oct 22, 2026
4d ago
Press Release
NEUTRAL ★ 4/10
$70.70awaiting T+60—$70.08 (−0.88%)
Sep 30, 2026
26d ago
424B5
NEUTRAL ★ 4/10
$68.60awaiting T+60—$70.08 (+2.16%)
Sep 28, 2026
28d ago
Press Release
NEUTRAL ★ 3/10
$69.06awaiting T+60—$70.08 (+1.48%)
Sep 28, 2026
28d ago
8-K
NEUTRAL ★ 4/10
$69.06awaiting T+60—$70.08 (+1.48%)
Sep 28, 2026
28d ago
424B5
NEUTRAL ★ 3/10
$69.06awaiting T+60—$70.08 (+1.48%)
Sep 18, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$69.90awaiting T+60—$70.08 (+0.26%)
Aug 20, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$71.00awaiting T+60—$70.08 (−1.30%)
Aug 20, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$71.00awaiting T+60—$70.08 (−1.30%)
Showing 10 of 30

US Market Status

Market Closed — Opens Wed (11h 56m)

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Report published Aug 20, 2026