11 Most Expensive Stocks Insiders Are Buying Recently

7. Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

Average price per share: $63.94

Market capitalization: $950.09 million

Burke & Herbert Financial Services Corp is a bank holding company for Burke & Herbert Bank & Trust Company, which offers a plethora of community banking products and services across Maryland and Virginia. The bank’s offerings include consumer and commercial deposit products (like digital banking, demand, and savings accounts, as well as certificates of deposit) and loans.

Over the past 30 days, three insiders bought a total of around $712,262 worth of Burke & Herbert shares at an average price of $63.94 per share. At the moment, the stock is trading at $63.47, having gained 1.78% since the beginning of the year. Over the last 12 months, Burke & Herbert’s shares gained 14.98%.

In 2024, the company had a net income of $35.03 million (or $2.82 per diluted share), compared to a net income of $22.69 million in 2023. The company said its balance sheet is strong with liquidity, which includes all available borrowing capacity with cash and cash equivalents, of $4.2 billion at the end of the fourth quarter. Burke & Herbert ended the quarter with 11.5% common equity tier 1 capital to risk-weighted assets, 14.6% total risk-based capital to risk-weighted assets, and a leverage ratio of 9.8%.

The average rating on the stock from two Wall Street analysts is “Moderate Buy.” The analysts have also set a 12-month price target of $76, which is an increase of 19.74% from the previous price, according to TipRanks.