BHRB CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

BHRB ▲ +2.78% at T+5d

LONG call ✓ call won +2.78% · α vs SPY +2.92% · entry $61.49 → $63.20

Next anchor: T+20d in 8h

Currently $65.49 · +6.50% from $61.49 entry

Entry anchored
May 12, 03:59 PM ET
via Databento tick

T+1d

+0.47%

call +0.47% · α -0.31%

$61.78

settled 28d ago

T+5d

+2.78%

call +2.78% · α +2.92%

$63.20

settled 22d ago

T+20d

—

call — · α —

—

in 8h

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Two directors at Burke & Herbert Financial Services Corp. made open-market purchases totaling $334K over a five-day window, with director Barnwell leading at $315K. The cluster is small relative to the $1.3B market cap (0.03%), but the buying is concentrated among directors and follows a prior 30-day insider buying pattern of $649K. The cross-filing context shows an EVP received a non-cash grant (no economic signal), and the amplifier verdicts for insider-trades + earnings/offering/press contexts suggest this cluster may carry more weight than its raw size indicates.

Key Financial Metrics

Direction

buying

Total Value

$334.0K

Insiders

2

Actionable Insight

The cluster is small in dollar terms but is the third insider buying event in recent weeks, and the amplifier verdicts indicate this pattern historically predicts positive returns. Monitor for upcoming earnings or material announcements that could explain the buying. A sustained break above $63 support would confirm the bullish signal.

Key Facts

Two directors made open-market purchases totaling $334K: Barnwell $315K at $63.05, Riojas $19K at $62.00
Total cluster value is ~0.03% of BHRB's $1.3B market cap, below the 0.1% materiality threshold
Prior 30-day insider activity showed $649K in buys, extending a consistent buying pattern
EVP Lundblad received a non-cash grant of 9,743 shares on May 15 — no economic signal
Cross-filing amplifier verdicts (insider-trades + earnings/offering/press) suggest elevated predictive power for this cluster

Financial Impact

Directors purchased $334K of BHRB common stock in open-market transactions

insider ownershipfloat

Risk Factors

Cluster value is only 0.03% of market cap — well below the 0.1% threshold for materiality
Historical win rate on BHRB reports is 33% at T+20, suggesting past bullish calls have underperformed
No C-suite executives participated in the buying, reducing signal strength

Market Snapshot

Exchange

Nasdaq

Sector

National Commercial Banks

Analyst Consensus

70% bullish (10 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-BHRB-1779202826107

9 reports for BHRB

T+1T+5T+20T+60

75% Hit rate 3 of 4 directional calls best @ T+5▲ +0.94%Apr 13, 2026

Filters

Reports for BHRB — sortable, filterable
	Type				Now
May 12, 2026 28d ago	Insider Cluster BULLISH ★ 5/10	$61.49 $63.20	▲ +2.78%	▲ +2.92%	$65.49 (+6.50%)
May 11, 2026 4w ago	Insider Cluster NEUTRAL ★ 4/10	$63.06 $62.18	▼ −1.40%	▼ −1.31%	$65.49 (+3.85%)
May 1, 2026 5w ago	3 NEUTRAL ★ 2/10	$64.64 $63.48	▼ −1.79%	▼ −4.14%	$65.49 (+1.31%)
May 1, 2026 5w ago	Press Release BULLISH ★ 7/10	$64.64 $63.48	▼ −1.79%	▼ −4.14%	$65.49 (+1.31%)
Apr 23, 2026 6w ago	8-K BEARISH ★ 7/10	$63.96 $64.31	▼ −0.55%	▲ +0.36%	$65.49 (−2.39%)
Apr 23, 2026 6w ago	Press Release MIXED ★ 6/10	$63.96 $64.31	▲ +0.55%	▼ −0.36%	$65.49 (+2.39%)
Apr 13, 2026 8w ago	8-K BULLISH ★ 7/10	$65.61 $66.23	▲ +0.94%	▼ −2.35%	$65.49 (−0.18%)
Apr 13, 2026 8w ago	Press Release BULLISH ★ 7/10	$65.61 $66.23	▲ +0.94%	▼ −2.35%	$65.49 (−0.18%)
Mar 25, 2026 10w ago	Press Release MIXED ★ 7/10	$61.45 $62.48	▲ +1.68%	▲ +0.04%	$65.49 (+6.57%)

US Market Status

Market Closed — Opens Thu (9h 36m)

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