SR Bancorp (NASDAQ:SRBK) COO Christopher Pribula Buys 1,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) COO Christopher Pribula acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $15.09 per share, for a total transaction of $15,090.00. Following the completion of the purchase, the chief operating officer directly owned 49,933 shares in the company, valued at $753,488.97. This trade represents a 2.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SR Bancorp Stock Performance

NASDAQ:SRBK traded up $0.09 on Monday, reaching $15.12. 10,683 shares of the company’s stock were exchanged, compared to its average volume of 42,284. SR Bancorp, Inc. has a 52 week low of $11.01 and a 52 week high of $15.45. The firm has a market cap of $128.93 million, a price-to-earnings ratio of 40.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day simple moving average of $14.89 and a 200-day simple moving average of $14.24.

SR Bancorp (NASDAQ:SRBK) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter. The firm had revenue of $8.16 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. SR Bancorp’s payout ratio is presently 54.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mink Brook Asset Management LLC increased its stake in shares of SR Bancorp by 27.7% in 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 during the period. Pekin Hardy Strauss Inc. bought a new stake in SR Bancorp in the 2nd quarter worth $392,000. JPMorgan Chase & Co. increased its position in shares of SR Bancorp by 76.2% in the third quarter. JPMorgan Chase & Co. now owns 6,576 shares of the company’s stock valued at $99,000 after acquiring an additional 2,843 shares during the period. Mangrove Partners IM LLC raised its stake in shares of SR Bancorp by 5.2% during the third quarter. Mangrove Partners IM LLC now owns 173,310 shares of the company’s stock valued at $2,615,000 after acquiring an additional 8,492 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of SR Bancorp during the third quarter worth about $290,000. Institutional investors own 24.70% of the company’s stock.

Analyst Upgrades and Downgrades

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