SR Bancorp (NASDAQ:SRBK) COO Neil Viotto Purchases 1,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) COO Neil Viotto acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $16.83 per share, with a total value of $16,830.00. Following the purchase, the chief operating officer owned 11,400 shares in the company, valued at approximately $191,862. This represents a 9.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SR Bancorp Stock Performance

NASDAQ SRBK opened at $16.81 on Wednesday. The stock has a market cap of $140.20 million, a P/E ratio of 46.69 and a beta of 0.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. SR Bancorp, Inc. has a twelve month low of $11.36 and a twelve month high of $18.04. The company’s 50-day simple moving average is $16.69 and its 200 day simple moving average is $15.71.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). SR Bancorp had a return on equity of 1.27% and a net margin of 5.82%.The company had revenue of $8.37 million for the quarter, compared to analyst estimates of $8.50 million.

SR Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 31st. SR Bancorp’s dividend payout ratio is presently 55.56%.

Institutional Investors Weigh In On SR Bancorp

Institutional investors have recently made changes to their positions in the stock. Saber Capital Managment LLC acquired a new position in SR Bancorp in the fourth quarter valued at about $4,270,000. Geode Capital Management LLC raised its position in shares of SR Bancorp by 94.5% in the 2nd quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock valued at $2,525,000 after acquiring an additional 90,873 shares during the period. Mangrove Partners IM LLC boosted its stake in SR Bancorp by 5.2% during the 3rd quarter. Mangrove Partners IM LLC now owns 173,310 shares of the company’s stock worth $2,615,000 after acquiring an additional 8,492 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in SR Bancorp by 28.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 63,891 shares of the company’s stock worth $1,006,000 after purchasing an additional 14,183 shares during the period. Finally, Covalent Partners LLC grew its holdings in shares of SR Bancorp by 49.0% in the 4th quarter. Covalent Partners LLC now owns 60,000 shares of the company’s stock valued at $944,000 after buying an additional 19,740 shares during the period. 24.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Hovde Group started coverage on shares of SR Bancorp in a report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price objective on the stock. Wall Street Zen lowered shares of SR Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SR Bancorp in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.00.

About SR Bancorp

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.