SR Bancorp, Inc. (NASDAQ:SRBK) Insider Buys $115,800.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was acquired at an average price of $11.58 per share, with a total value of $115,800.00. Following the completion of the purchase, the insider now owns 188,032 shares of the company’s stock, valued at $2,177,410.56. The trade was a 5.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SR Bancorp Stock Performance

NASDAQ SRBK traded up $0.15 on Thursday, hitting $11.63. 4,781 shares of the company’s stock traded hands, compared to its average volume of 20,760. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. SR Bancorp, Inc. has a 1-year low of $8.94 and a 1-year high of $12.76. The firm’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $11.49. The firm has a market capitalization of $107.40 million, a PE ratio of 193.80 and a beta of 0.91.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.12 EPS for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

SR Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%.

Institutional Investors Weigh In On SR Bancorp

A number of hedge funds have recently modified their holdings of SRBK. Mink Brook Asset Management LLC acquired a new stake in SR Bancorp in the 4th quarter valued at approximately $3,384,000. Northern Trust Corp grew its stake in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock worth $221,000 after purchasing an additional 4,748 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,930 shares in the last quarter. Finally, Fourthstone LLC acquired a new position in shares of SR Bancorp during the third quarter worth $756,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.