14 Most Expensive Stocks Insiders Are Buying In March

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

Market Capitalization: $872.59 million

The 12^th stock among the 14 most expensive stocks insiders are buying in March is Burke & Herbert Financial Services, a bank holding company for Burke & Herbert Bank & Trust Company. It provides a wide range of community banking products and services across Maryland and Virginia. The bank offers consumer and commercial deposit products, including digital banking, demand and savings accounts, certificates of deposit, as well as various loan options.

For the full year 2024, Burke & Herbert reported a net income of $35.03 million, or $2.82 per diluted share, up from $22.69 million in 2023. The company stated that its balance sheet remains strong, with liquidity—including available borrowing capacity and cash and cash equivalents—totaling $4.2 billion at the end of the fourth quarter. Burke & Herbert finished the quarter with a common equity tier 1 capital ratio of 11.5%, a total risk-based capital ratio of 14.6%, and a leverage ratio of 9.8%.

In March, three insiders acquired a total of around $624,526 worth of Burke & Herbert shares at an average price of $59.76 per share. The stock now trades at $58.24, having declined 6.61% year-to-date. However, over the past 12 months, Burke & Herbert has returned 8.86% to its investors.

According to StockAnalysis, two analysts rated Burke & Herbert stock as “Strong Buy” with a price target of $76.00, suggesting a potential upside of 30.28% from the latest price.