SR Bancorp (NASDAQ:SRBK) Stock Rating Lowered by Wall Street Zen

SR Bancorp (NASDAQ:SRBK – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SR Bancorp in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

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SR Bancorp Price Performance

Shares of SRBK stock opened at $19.62 on Friday. SR Bancorp has a 52-week low of $14.33 and a 52-week high of $20.95. The stock has a market cap of $158.92 million, a PE ratio of 43.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50 day moving average price is $19.65 and its two-hundred day moving average price is $18.69.

SR Bancorp (NASDAQ:SRBK – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $8.58 million for the quarter, compared to analyst estimates of $8.60 million. SR Bancorp had a return on equity of 1.61% and a net margin of 6.47%.

Institutional Trading of SR Bancorp

A number of large investors have recently made changes to their positions in SRBK. Saber Capital Managment LLC acquired a new position in SR Bancorp in the fourth quarter valued at about $4,270,000. BlackRock Inc. acquired a new stake in shares of SR Bancorp during the second quarter worth about $9,783,000. Dimensional Fund Advisors LP raised its position in shares of SR Bancorp by 42.6% during the first quarter. Dimensional Fund Advisors LP now owns 91,104 shares of the company’s stock worth $1,538,000 after purchasing an additional 27,213 shares during the period. Ancora Advisors LLC bought a new position in shares of SR Bancorp during the 2nd quarter valued at about $956,000. Finally, Deutsche Bank AG bought a new position in shares of SR Bancorp during the 2nd quarter valued at about $135,000. Institutional investors own 24.70% of the company’s stock.

About SR Bancorp

(Get Free Report)

SR Bancorp, Inc is the holding company for Somerset Savings Bank, S.L.A., a community-oriented savings institution headquartered in Bound Brook, New Jersey. The bank serves individuals, families and businesses in communities primarily across central New Jersey.

Somerset Savings Bank provides deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business lending and consumer loans.

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