Short Interest in SR Bancorp, Inc. (NASDAQ:SRBK) Rises By 65.5%

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 79,600 shares, a growth of 65.5% from the March 15th total of 48,100 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 3.6 days.

SR Bancorp Price Performance

SRBK traded up $0.22 during trading on Friday, reaching $12.61. The stock had a trading volume of 99,010 shares, compared to its average volume of 26,484. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. The business has a 50-day moving average of $11.96 and a 200-day moving average of $11.71. SR Bancorp has a one year low of $8.94 and a one year high of $12.76. The stock has a market cap of $116.50 million, a PE ratio of 210.20 and a beta of 0.79.

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

SR Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp’s payout ratio is 333.33%.

Insider Buying and Selling

In other news, insider David M. Orbach bought 10,000 shares of the stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of $11.58 per share, for a total transaction of $115,800.00. Following the purchase, the insider now directly owns 188,032 shares of the company’s stock, valued at $2,177,410.56. This trade represents a 5.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have purchased 14,975 shares of company stock valued at $174,689. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On SR Bancorp

A number of institutional investors have recently bought and sold shares of SRBK. Mink Brook Asset Management LLC purchased a new stake in shares of SR Bancorp in the 4th quarter worth about $3,384,000. Geode Capital Management LLC increased its stake 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 purchasing an additional 21,930 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after purchasing an additional 4,748 shares during the last quarter. 24.70% of the stock is owned by institutional investors.

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.