SR Bancorp, Inc. (NASDAQ:SRBK) Insider Acquires $65,950.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the transaction, the insider now directly owns 193,032 shares of the company’s stock, valued at approximately $2,546,092.08. This trade represents a 2.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SR Bancorp Stock Performance

Shares of SRBK traded up $0.08 during midday trading on Tuesday, reaching $13.29. 62,345 shares of the stock were exchanged, compared to its average volume of 30,801. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a market cap of $122.79 million, a P/E ratio of 221.54 and a beta of 0.70. SR Bancorp, Inc. has a twelve month low of $8.94 and a twelve month high of $13.65. The stock’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $12.03.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 EPS for the quarter. The company had revenue of $7.73 million 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp’s dividend payout ratio is currently 333.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in SR Bancorp in the 1st quarter valued at approximately $263,000. Mink Brook Asset Management LLC increased its holdings in shares of SR Bancorp by 27.7% during the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock worth $4,330,000 after buying an additional 78,811 shares in the last quarter. Arcus Capital Partners LLC bought a new position in shares of SR Bancorp in the 1st quarter valued at $483,000. Finally, Northern Trust Corp lifted its stake in shares of SR Bancorp by 34.3% in the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after acquiring an additional 4,748 shares during the last quarter. 24.70% of the stock is owned by institutional investors.

SR Bancorp Company Profile

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.