SR Bancorp (NASDAQ:SRBK) Announces Earnings Results

SR Bancorp (NASDAQ:SRBK) announced its earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. SR Bancorp had a net margin of 2.25% and a return on equity of 0.50%.

SR Bancorp Stock Performance

SRBK stock traded up $0.04 on Friday, reaching $12.61. 42,858 shares of the company were exchanged, compared to its average volume of 28,094. SR Bancorp has a 12 month low of $8.94 and a 12 month high of $12.76. The stock’s fifty day moving average price is $11.86 and its 200 day moving average price is $10.94. The firm has a market capitalization of $119.06 million, a PE ratio of 105.09 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00.

Insider Buying and Selling

In other SR Bancorp news, insider David M. Orbach purchased 10,000 shares of the stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $11.75 per share, with a total value of $117,500.00. Following the acquisition, the insider now directly owns 140,000 shares of the company’s stock, valued at $1,645,000. This represents a 7.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by insiders.

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.