The cluster is small in dollar terms but is the third insider buying event in recent weeks, and the amplifier verdicts indicate this pattern historically predicts positive returns. Monitor for upcoming earnings or material announcements that could explain the buying. A sustained break above $63 support would confirm the bullish signal.
Price Chart
Executive Summary
Two directors at Burke & Herbert Financial Services Corp. made open-market purchases totaling $334K over a five-day window, with director Barnwell leading at $315K. The cluster is small relative to the $1.3B market cap (0.03%), but the buying is concentrated among directors and follows a prior 30-day insider buying pattern of $649K. The cross-filing context shows an EVP received a non-cash grant (no economic signal), and the amplifier verdicts for insider-trades + earnings/offering/press contexts suggest this cluster may carry more weight than its raw size indicates.
Key Financial Metrics
Key Facts
- Two directors made open-market purchases totaling $334K: Barnwell $315K at $63.05, Riojas $19K at $62.00
- Total cluster value is ~0.03% of BHRB's $1.3B market cap, below the 0.1% materiality threshold
- Prior 30-day insider activity showed $649K in buys, extending a consistent buying pattern
- EVP Lundblad received a non-cash grant of 9,743 shares on May 15 — no economic signal
- Cross-filing amplifier verdicts (insider-trades + earnings/offering/press) suggest elevated predictive power for this cluster
Financial Impact
Directors purchased $334K of BHRB common stock in open-market transactions
Risk Factors
- Cluster value is only 0.03% of market cap — well below the 0.1% threshold for materiality
- No C-suite executives participated in the buying, reducing signal strength
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-1779202826107 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K/A | $70.81 | awaiting T+60 | — | $70.68 (−0.19%) |
Oct 22, 2026 4d ago | 8-K | $70.70 | awaiting T+60 | — | $70.68 (−0.03%) |
Oct 22, 2026 4d ago | Press Release | $70.70 | awaiting T+60 | — | $70.68 (−0.03%) |
Sep 30, 2026 27d ago | 424B5 | $68.60 | awaiting T+60 | — | $70.68 (+3.03%) |
Sep 28, 2026 28d ago | Press Release | $69.06 | awaiting T+60 | — | $70.68 (+2.35%) |
Sep 28, 2026 29d ago | 8-K | $69.06 | awaiting T+60 | — | $70.68 (+2.35%) |
Sep 28, 2026 29d ago | 424B5 | $69.06 | awaiting T+60 | — | $70.68 (+2.35%) |
Sep 18, 2026 5w ago | 8-K | $69.90 | awaiting T+60 | — | $70.68 (+1.12%) |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | $70.68 (−0.45%) |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | $70.68 (−0.45%) |
US Market Status
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