We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) stands against other most expensive stocks insiders are buying in March.
President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.
The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.
As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.
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Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
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Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)
Market Capitalization: $872.59 million
Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) is 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 (NASDAQ:BHRB) 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 (NASDAQ:BHRB) stock as “Strong Buy” with a price target of $76.00, suggesting a potential upside of 30.28% from the latest price.
Overall, BHRB ranks 12th on our list of the most expensive stocks insiders are buying in March. While we acknowledge the potential of BHRB our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BHRB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
