SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Update

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 29,200 shares, a growth of 46.7% from the February 13th total of 19,900 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of SR Bancorp

Large investors have recently bought and sold shares of the stock. Northern Trust Corp increased its holdings in SR Bancorp by 34.3% in the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after buying an additional 4,748 shares in the last quarter. Geode Capital Management LLC increased its position in shares of SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after acquiring an additional 21,930 shares during the last quarter. Fourthstone LLC purchased a new stake in shares of SR Bancorp in the 3rd quarter valued at approximately $756,000. Finally, Mink Brook Asset Management LLC acquired a new position in SR Bancorp in the 4th quarter valued at about $3,384,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Stock Up 1.4 %

Shares of SRBK traded up $0.16 during trading hours on Monday, hitting $11.58. The company had a trading volume of 293 shares, compared to its average volume of 21,228. The company’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $11.47. SR Bancorp has a one year low of $8.94 and a one year high of $12.76. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $106.99 million, a PE ratio of 193.03 and a beta of 0.91.

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

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.