David Wilson, a director at Burke & Herbert Financial Services Corp. (), acquired common stock totaling $2,470 on August 20, 2026, according to a recent SEC filing.
The transaction involved the purchase of 35 shares of common stock at a price of $70.5726 per share. Following this acquisition, Mr. Wilson’s indirect beneficial ownership as custodian for Leo McCraken under UGMA increased to 435 shares.The purchase price aligns closely with the current stock price of $70.96, while InvestingPro analysis suggests the stock is undervalued with a Fair Value of $77.88, placing it among undervalued opportunities in the financial services sector. The company trades at a P/E ratio of 12.24 and offers a dividend yield of 3.1%, having maintained dividend payments for 20 consecutive years according to InvestingPro Tips.
Mr. Wilson’s other beneficial holdings in Burke & Herbert Financial Services Corp. include 23,348 shares held directly. Indirect holdings also include 38,142 shares through ADBM Landholdings, LLC; 5,445 shares through A.D.B.M. Properties, LLC; 2,751 shares by his spouse; 881 shares through Boulevard Auto Sales, Inc.; and 881 shares through Millsboro Auto Mart II, LLC. Additional indirect holdings as custodian for others under UGMA include 385 shares for Foxi Holland, 362 shares for David Wilson, III, 260 shares for Poppy Kline, 232 shares for Miles Holland, and 205 shares for Madison Wilson.
The filing was signed by Matthew Rucker, acting as Attorney-in-Fact for David H. Wilson, Sr.
In other recent news, Burke & Herbert Financial Services Corp. announced the appointment of Roy E. Halyama as president of both the company and its banking subsidiary, Burke & Herbert Bank & Trust Company. This change will take effect on July 1, following the retirement of the current president, H. Charles Maddy, III, on June 30. Halyama, who is currently serving as executive vice president and chief financial officer, was named to this position during the board’s organizational meeting after the 2026 annual meeting of shareholders. This leadership transition marks a significant development for the company as it moves forward with its strategic plans. No other major announcements or analyst updates regarding Burke & Herbert Financial Services have been made recently.
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