Arcus Capital Partners LLC Makes New $276,000 Investment in SR Bancorp, Inc. (NASDAQ:SRBK)

Arcus Capital Partners LLC acquired a new stake in shares of SR Bancorp, Inc. (NASDAQ:SRBK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,768 shares of the company’s stock, valued at approximately $276,000.

Separately, Vanguard Group Inc. lifted its position in shares of SR Bancorp by 31.5% in the 1st quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock worth $4,214,000 after acquiring an additional 106,843 shares during the period. Institutional investors own 24.70% of the company’s stock.

SR Bancorp Price Performance

Shares of SRBK stock opened at $11.21 on Tuesday. The stock has a market cap of $105.49 million, a P/E ratio of 93.42 and a beta of 1.15. The stock has a fifty day moving average price of $10.85 and a 200 day moving average price of $9.91. SR Bancorp, Inc. has a one year low of $8.75 and a one year high of $11.28.

Insider Activity

In other SR Bancorp news, CEO William P. Taylor purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $9.89 per share, with a total value of $39,560.00. Following the completion of the transaction, the chief executive officer now directly owns 21,700 shares of the company’s stock, valued at approximately $214,613. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other SR Bancorp news, Director Thomas Lupo bought 5,000 shares of SR Bancorp stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $10.58 per share, with a total value of $52,900.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $211,600. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William P. Taylor purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $9.89 per share, for a total transaction of $39,560.00. Following the completion of the transaction, the chief executive officer now owns 21,700 shares in the company, valued at $214,613. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

About SR Bancorp

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.