SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Update

SR Bancorp, Inc. (NASDAQ:SRBK) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 489,013 shares, an increase of 30.8% from the December 15th total of 373,746 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 13.3 days. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 13.3 days. Approximately 6.2% of the shares of the company are short sold.

Analyst Ratings Changes

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

Institutional Investors Weigh In On SR Bancorp

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in SR Bancorp in the 1st quarter worth about $263,000. Pekin Hardy Strauss Inc. purchased a new position in shares of SR Bancorp during the second quarter worth about $392,000. Geode Capital Management LLC grew its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. bought a new position in shares of SR Bancorp in the second quarter worth approximately $50,000. Finally, New York State Common Retirement Fund purchased a new stake in SR Bancorp in the second quarter valued at approximately $103,000. Institutional investors own 24.70% of the company’s stock.

SR Bancorp Trading Up 0.3%

Shares of SR Bancorp stock opened at $16.57 on Tuesday. The company’s 50-day moving average price is $15.93 and its 200-day moving average price is $15.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. SR Bancorp has a 12-month low of $11.36 and a 12-month high of $17.10. The company has a market cap of $141.34 million, a price-to-earnings ratio of 44.78 and a beta of 0.54.

SR Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 31st. SR Bancorp’s payout ratio is 54.05%.

SR Bancorp Company Profile

SR Bancorp, Inc is a bank holding company that provides a broad array of banking and financial services through its wholly owned subsidiary. The firm focuses on serving community markets and maintaining close relationships with individuals, small businesses and local institutions.

Its product suite includes traditional deposit accounts such as checking and savings, certificates of deposit and money market accounts. On the lending side, SR Bancorp offers consumer, residential mortgage and commercial loans, as well as specialized lending solutions for small and mid-sized businesses.