Insider Buying Activity: A Closer Look at BHRB and TBBK
When insiders buy stock, it may indicate confidence in a company’s future. Recently, two notable insider purchases have caught attention.
On Tuesday, Mark Guthrie Anderson, a director at Burke Herbert Financial Services, purchased $77,035 worth of BHRB stock. He acquired 1,200 shares at a price of $64.20 each. Currently, Anderson is seeing a return on this investment, with shares rising approximately 3.6% based on today’s trading high of $66.50. While the stock is up around 3.8% on Wednesday, this isn’t Anderson’s first purchase. In the past year, he also invested in 2,400 shares at $55.35 each, totaling $132,840.
Similarly, Director Matthew Cohn made a significant move on the same day, investing $53,270 in The Bancorp by buying 1,065 shares at $50.02 each. This mark adds to his impressive track record, as he has purchased TBBK stock 11 other times in the past year, with a total investment of $1.64 million at an average price of $38.63. The Bancorp’s shares are currently up about 2.9% on Wednesday.
VIDEO: Wednesday 10/30 Insider Buying Report: BHRB, TBBK
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