William P. Taylor Purchases 1,500 Shares of SR Bancorp, Inc. (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $12.47 per share, with a total value of $18,705.00. Following the purchase, the chief executive officer now directly owns 68,838 shares in the company, valued at $858,409.86. The trade was a 2.23 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SR Bancorp Trading Down 0.1 %

Shares of SRBK stock opened at $12.29 on Thursday. The firm has a 50-day moving average price of $12.05 and a 200 day moving average price of $11.11. SR Bancorp, Inc. has a twelve month low of $8.94 and a twelve month high of $12.76. The company has a market capitalization of $116.02 million, a price-to-earnings ratio of 204.87 and a beta of 0.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

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

Institutional Trading of SR Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRBK. Arcus Capital Partners LLC purchased a new stake in SR Bancorp in the 3rd quarter valued at about $276,000. Fourthstone LLC purchased a new stake in SR Bancorp in the 3rd quarter valued at about $756,000. Finally, Geode Capital Management LLC grew its holdings in SR Bancorp by 30.7% in the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after buying an additional 21,930 shares during the period. 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.