SR Bancorp (NASDAQ:SRBK) Announces Quarterly Earnings Results

SR Bancorp (NASDAQ:SRBK) issued its quarterly earnings data on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. SR Bancorp had a net margin of 2.25% and a return on equity of 0.50%.

SR Bancorp Trading Up 0.3 %

SRBK opened at $12.61 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market cap of $119.04 million, a price-to-earnings ratio of 105.09 and a beta of 0.84. SR Bancorp has a 12 month low of $8.94 and a 12 month high of $12.76. The stock has a fifty day moving average price of $11.90 and a 200-day moving average price of $10.96.

Insider Activity at SR Bancorp

In other news, insider David M. Orbach purchased 10,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of $11.75 per share, with a total value of $117,500.00. Following the completion of the acquisition, the insider now owns 140,000 shares of the company’s stock, valued at $1,645,000. This trade represents a 7.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

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.