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Julian Forrest Barnwell Jr., a director at Burke & Herbert Financial Services Corp. (OTC:BHRB), recently acquired 2,000 shares of the company’s common stock. The transaction took place on March 5, 2025, at a price of $60.50 per share, totaling $121,000. This purchase was made in his capacity as a trustee for the Patricia Barnwell Irrevocable Trust.
Following this acquisition, Barnwell holds a total of 203,939 shares in this trust. Additionally, he maintains holdings in several other trusts, including the Barnwell Family Trust with 82,083 shares, the Barnwell Charitable Lead Trust with 90,221 shares, and the Julian F Barnwell Jr Irrevocable Trust with 1,000 shares. In his direct holdings, Barnwell owns 20,580 shares. With a market capitalization of $914 million and analyst price targets ranging from $76 to $82, InvestingPro subscribers can access additional insights about the company’s valuation and growth prospects.
In other recent news, Burke & Herbert Financial Services Corp. announced that board member Jason A. Kitzmiller will not seek re-election at the upcoming 2025 Annual Shareholder’s Meeting. Kitzmiller will continue his duties until the meeting, which is scheduled for May 22, 2025. The company has expressed its gratitude for Kitzmiller’s contributions, and his departure was disclosed in a Form 8-K filing with the Securities and Exchange Commission. The 2025 Annual Meeting will take place at the Burke & Herbert Corporate Center in Alexandria, Virginia, with March 14, 2025, set as the record date for shareholders eligible to vote. Shareholders have been alerted that due to the meeting’s date being more than 30 days before the anniversary date of the 2024 Annual Meeting, there are revised deadlines for shareholder proposals. Proposals for inclusion in the proxy materials must be received by February 21, 2025, and must adhere to SEC rules and the company’s bylaws. This information is crucial for shareholders and the investment community as it provides essential governance details.
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