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Shawn Patrick McLaughlin, a director of Burke & Herbert Financial Services Corp. (OTC:BHRB), recently acquired additional shares of the company. According to an SEC filing, McLaughlin purchased 1,000 shares of common stock on May 7, 2025, at a price of $56.50 per share, totaling $56,500. Following this transaction, McLaughlin holds a direct ownership of 64,000 shares.
Additionally, McLaughlin indirectly owns 1,000 shares through McLaughlin Ryder Investments, Inc., an affiliated company. This purchase reflects McLaughlin’s continued investment in the company, as he remains a key figure on the board of directors.
In other recent news, Burke & Herbert Financial Services Corp. reported a strong first-quarter performance with a net income of $27.0 million, or $1.80 per diluted common share, an increase from the previous quarter’s $19.6 million, or $1.30 per share. The company also announced a regular cash dividend of $0.55 per share and authorized a share repurchase program of up to $50.0 million. Additionally, Burke & Herbert appointed Patrick "Kip" Huffman as Senior Vice President and Chief Accounting Officer, bringing nearly two decades of experience to the role. This appointment is part of the company’s strategy to bolster its executive team. Meanwhile, Julie R. Markwood, the former Chief Accounting Officer, ended her tenure after 37 years due to health reasons. Kirtan Parikh will continue as the Interim Chief Accounting Officer. These developments are part of Burke & Herbert’s ongoing efforts to maintain operational excellence and strategic growth.
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