SR Bancorp, Inc. (NASDAQ:SRBK) Insider Purchases $115,800.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were purchased at an average price of $11.58 per share, with a total value of $115,800.00. Following the purchase, the insider now owns 188,032 shares of the company’s stock, valued at approximately $2,177,410.56. This represents a 5.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

SR Bancorp Stock Up 1.6 %

SR Bancorp stock opened at $11.79 on Friday. The stock’s fifty day moving average is $12.01 and its two-hundred day moving average is $11.50. The stock has a market cap of $108.93 million, a PE ratio of 196.53 and a beta of 0.91. SR Bancorp, Inc. has a 1-year low of $8.94 and a 1-year high of $12.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.00.

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

SR Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.70%.

Institutional Investors Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mink Brook Asset Management LLC acquired a new position in SR Bancorp during the fourth quarter worth approximately $3,384,000. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 21,930 shares during the period. Fourthstone LLC purchased a new stake in SR Bancorp in the 3rd quarter valued at $756,000. Finally, Northern Trust Corp boosted its stake in SR Bancorp by 34.3% during the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock worth $221,000 after purchasing an additional 4,748 shares during the period. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.