The insider buying is too small relative to market cap to signal a material event. Monitor for any upcoming earnings release or material agreement that could explain director conviction.
Price Chart
Executive Summary
Two directors at Burke & Herbert Financial Services Corp. purchased a total of $334K in open-market shares over a 7-day window, representing ~0.04% of the company's $949M market cap. The insider buying is modest in size relative to market cap but notable for being concentrated among directors rather than C-suite, and follows a 30-day period of $649K in insider purchases.
Key Financial Metrics
Key Facts
- Two directors purchased shares: Barnwell Julian Forrest Jr. bought 10,000 shares ($630K) on May 11, and Riojas Jose David bought 300 shares ($19K) on May 12
- Total open-market purchases: $649K (including prior 30-day activity)
- Total cluster value of $334K represents ~0.04% of market cap
- No C-suite executives participated in the cluster
- All transactions were open-market purchases (code P)
Financial Impact
Insider purchases totaling $334K (0.04% of market cap) — immaterial relative to company size
Risk Factors
- Insider buying is trivial relative to market cap — no strong directional signal
- No C-suite participation reduces the signal value of director purchases
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BHRB-1778618824020 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K/A | $70.81 | awaiting T+60 | — | $70.08 (−1.04%) |
Oct 22, 2026 4d ago | 8-K | $70.70 | awaiting T+60 | — | $70.08 (−0.88%) |
Oct 22, 2026 4d ago | Press Release | $70.70 | awaiting T+60 | — | $70.08 (−0.88%) |
Sep 30, 2026 27d ago | 424B5 | $68.60 | awaiting T+60 | — | $70.08 (+2.16%) |
Sep 28, 2026 28d ago | Press Release | $69.06 | awaiting T+60 | — | $70.08 (+1.48%) |
Sep 28, 2026 28d ago | 8-K | $69.06 | awaiting T+60 | — | $70.08 (+1.48%) |
Sep 28, 2026 28d ago | 424B5 | $69.06 | awaiting T+60 | — | $70.08 (+1.48%) |
Sep 18, 2026 5w ago | 8-K | $69.90 | awaiting T+60 | — | $70.08 (+0.26%) |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | $70.08 (−1.30%) |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | $70.08 (−1.30%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers