Key Points
Evermay Wealth Management acquired 185,765 shares of Burke & Herbert Financial Services in the first quarter; the estimated trade size was $12.01 million (estimate based on quarterly average prices).
The quarter-end position value increased by $11.57 million, reflecting both trade and price moves.
The transaction value represented 1.33% of Evermay’s 13F reportable assets under management (AUM).
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On May 11, 2026, Evermay Wealth Management disclosed a new position in Burke & Herbert Financial Services (NASDAQ:BHRB), acquiring 185,765 shares in the first quarter, with an estimated transaction value of $12.01 million based on quarterly average pricing.
What happened
According to an SEC filing dated May 11, , Evermay Wealth Management initiated a new position in Burke & Herbert Financial Services, buying 185,765 shares. The estimated value of the trade was $12.01 million, calculated using the quarter’s average closing prices. The quarter-end valuation of the position was $11.57 million, reflecting both the share purchase and stock price movements.
What else to know
- This is a new position for Evermay, now accounting for 1.28% of the fund’s reported AUM.
- Top holdings after the filing:
- NYSEMKT: SPTI: $140.89 million (15.6% of AUM)
- NYSEMKT: SCHX: $112.02 million (12.4% of AUM)
- NYSEMKT: SPTS: $90.49 million (10.0% of AUM)
- NYSEMKT: VOO: $70.72 million (7.8% of AUM)
- NYSEMKT: IJH: $39.96 million (4.4% of AUM)
- As of May 11, 2026, BHRB shares were priced at $63.06, up about 10% over the past year and well underperforming the S&P 500, which is instead up about 26%.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close May 11, 2026) | $63.06 |
| Market capitalization | $1 billion |
| Revenue (TTM) | $339 million |
| Net income (TTM) | $117.5 million |
Company snapshot
- BHRB offers a comprehensive suite of banking products and financial services, including commercial real estate loans, construction and development financing, commercial and industrial lending, residential mortgages, and consumer loans.
- The firm generates revenue primarily through interest income from its diversified loan portfolio and fee-based services, leveraging risk management across multiple lending segments.
- It serves small to medium-sized businesses, professional corporations, non-profits, and individual clients, with a focus on the regional banking market.
Burke & Herbert Financial Services is a regional bank holding company headquartered in Alexandria, Virginia. The company differentiates itself through a diversified loan portfolio and a strong focus on commercial and real estate lending.
What this transaction means for investors
With its Burke & Herbert’s buy last quarter, Evermay appears to be leaning into a more conservative, income-oriented banking franchise rather than chasing higher-growth financial names.
Burke & Herbert’s latest earnings report showed a fairly steady underlying business. First-quarter net income totaled $27.1 million, while diluted EPS came in at $1.79. The bank also maintained a strong 4.09% net interest margin and generated an annualized return on equity above 12%.
Importantly, the balance sheet still looks relatively conservative compared to many regional peers. Total deposits stood at $6.3 billion against $5.4 billion in loans, while the loan-to-deposit ratio remained a manageable 85.4%. The company also finished the quarter with approximately $4.8 billion in available liquidity and capital ratios comfortably above regulatory well-capitalized thresholds.
The bigger catalyst may be the LINKBANK merger, which closed May 1. For long-term investors, the key question is whether Burke & Herbert can successfully integrate the acquisition while maintaining its relatively strong profitability and credit discipline in what remains a difficult environment for regional banks.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
