SR Bancorp (NASDAQ:SRBK) CEO William Taylor Acquires 1,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William Taylor acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $15.79 per share, with a total value of $15,790.00. Following the transaction, the chief executive officer owned 73,838 shares in the company, valued at $1,165,902.02. This represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SR Bancorp Trading Up 2.9%

SRBK stock traded up $0.45 during midday trading on Wednesday, hitting $15.63. 24,828 shares of the company’s stock were exchanged, compared to its average volume of 41,935. The stock’s fifty day moving average price is $14.93 and its 200-day moving average price is $14.34. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $133.28 million, a PE ratio of 42.23 and a beta of 0.55. SR Bancorp, Inc. has a one year low of $11.22 and a one year high of $15.74.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings results on Wednesday, November 20th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $8.39 million during the quarter. SR Bancorp had a return on equity of 1.42% and a net margin of 6.28%.

SR Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. SR Bancorp’s dividend payout ratio (DPR) is presently 54.05%.

Institutional Investors Weigh In On SR Bancorp

Several hedge funds have recently bought and sold shares of SRBK. Mink Brook Asset Management LLC increased its stake in SR Bancorp by 27.7% during the 1st quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock worth $4,330,000 after acquiring an additional 78,811 shares during the period. Jane Street Group LLC bought a new position in shares of SR Bancorp in the first quarter worth $263,000. Pekin Hardy Strauss Inc. acquired a new position in SR Bancorp in the second quarter valued at about $392,000. Geode Capital Management LLC lifted its position in SR Bancorp by 94.5% during the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock worth $2,525,000 after purchasing an additional 90,873 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in SR Bancorp during the second quarter worth about $50,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SRBK shares. Weiss Ratings upgraded shares of SR Bancorp from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, October 8th. Hovde Group initiated coverage on shares of SR Bancorp in a research note on Tuesday, November 18th. They issued a “market perform” rating and a $16.00 price target on the stock. Finally, Wall Street Zen cut shares of SR Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

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.