SR Bancorp, Inc. (NASDAQ:SRBK) SVP James Castelletti Buys 1,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) SVP James Castelletti acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of $12.34 per share, with a total value of $12,340.00. Following the completion of the transaction, the senior vice president now directly owns 1,000 shares in the company, valued at $12,340. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SR Bancorp Stock Performance

Shares of SRBK opened at $12.17 on Friday. The firm has a market cap of $114.91 million, a P/E ratio of 101.43 and a beta of 1.07. SR Bancorp, Inc. has a twelve month low of $8.94 and a twelve month high of $12.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average price is $11.31 and its two-hundred day moving average price is $10.36.

Hedge Funds Weigh In On SR Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arcus Capital Partners LLC bought a new stake in SR Bancorp in the 3rd quarter valued at approximately $276,000. Fourthstone LLC acquired a new stake in shares of SR Bancorp in the third quarter valued at approximately $756,000. Finally, Geode Capital Management LLC lifted its position in shares of SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,930 shares in the last quarter. 24.70% of the stock is 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.