Thomas Lupo Acquires 5,000 Shares of SR Bancorp, Inc. (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) Director Thomas Lupo bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $10.58 per share, with a total value of $52,900.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $211,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

SR Bancorp Price Performance

SRBK opened at $10.85 on Friday. The company has a 50-day moving average of $9.88 and a 200-day moving average of $9.47. SR Bancorp, Inc. has a 1-year low of $8.01 and a 1-year high of $10.90.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Tuesday, July 30th. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $4.05 million during the quarter. SR Bancorp had a negative return on equity of 5.52% and a negative net margin of 28.30%.

Institutional Investors Weigh In On SR Bancorp

An institutional investor recently raised its position in SR Bancorp stock. Vanguard Group Inc. lifted its holdings in shares of SR Bancorp, Inc. (NASDAQ:SRBK) by 31.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 446,393 shares of the company’s stock after buying an additional 106,843 shares during the period. Vanguard Group Inc. owned 4.69% of SR Bancorp worth $4,214,000 at the end of the most recent reporting period. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

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.