William P. Taylor Acquires 2,000 Shares of SR Bancorp, Inc. (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor bought 2,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $11.51 per share, with a total value of $23,020.00. Following the purchase, the chief executive officer now directly owns 70,838 shares of the company’s stock, valued at approximately $815,345.38. This represents a 2.91 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

SR Bancorp Trading Up 0.1 %

Shares of SRBK stock traded up $0.01 on Wednesday, hitting $11.52. The stock had a trading volume of 18,983 shares, compared to its average volume of 21,934. The firm has a market cap of $106.43 million, a P/E ratio of 192.03 and a beta of 0.91. SR Bancorp, Inc. has a twelve month low of $8.94 and a twelve month 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 fifty day moving average price of $12.07 and a two-hundred day moving average price of $11.43.

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

Institutional Investors Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in SR Bancorp by 34.3% in 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. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp in the third quarter valued at about $276,000. Fourthstone LLC acquired a new position in shares of SR Bancorp during the third quarter worth about $756,000. Geode Capital Management LLC grew its holdings 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 worth $1,041,000 after buying an additional 21,930 shares in the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in SR Bancorp in the 4th quarter valued at approximately $3,384,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.