SR Bancorp, Inc. (NASDAQ:SRBK) Sees Significant Increase in Short Interest

SR Bancorp, Inc. (NASDAQ:SRBK) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 21,300 shares, a growth of 30.7% from the August 15th total of 16,300 shares. Based on an average trading volume of 25,900 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are sold short.

Insider Buying and Selling at SR Bancorp

In related news, insider David M. Orbach purchased 20,000 shares of SR Bancorp stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of $9.15 per share, for a total transaction of $183,000.00. Following the transaction, the insider now directly owns 120,000 shares of the company’s stock, valued at $1,098,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David M. Orbach acquired 20,000 shares of SR Bancorp stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of $9.15 per share, with a total value of $183,000.00. Following the purchase, the insider now directly owns 120,000 shares of the company’s stock, valued at $1,098,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Orbach bought 10,000 shares of the stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $9.69 per share, with a total value of $96,900.00. Following the purchase, the insider now directly owns 130,000 shares of the company’s stock, valued at approximately $1,259,700. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 37,500 shares of company stock worth $352,210.

Institutional Investors Weigh In On SR Bancorp

An institutional investor recently raised its position in SR Bancorp stock. Vanguard Group Inc. increased its stake in SR Bancorp, Inc. (NASDAQ:SRBK) by 31.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 446,393 shares of the company’s stock after purchasing an additional 106,843 shares during the period. Vanguard Group Inc. owned approximately 4.69% of SR Bancorp worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Stock Up 1.8 %

NASDAQ:SRBK traded up $0.18 on Friday, reaching $10.28. The company’s stock had a trading volume of 65,821 shares, compared to its average volume of 43,006. SR Bancorp has a 1-year low of $8.01 and a 1-year high of $10.28. The business’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $9.44.

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

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.