SR Bancorp (NASDAQ:SRBK) Raised to Hold at Wall Street Zen

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

Separately, Weiss Ratings raised SR Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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SR Bancorp Stock Performance

NASDAQ:SRBK opened at $18.50 on Friday. The firm’s fifty day moving average is $19.60 and its 200-day moving average is $18.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.06. SR Bancorp has a 52 week low of $14.33 and a 52 week high of $20.95. The firm has a market cap of $149.85 million, a P/E ratio of 41.11 and a beta of 0.57.

SR Bancorp (NASDAQ:SRBK – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $8.56 million for the quarter, compared to the consensus estimate of $8.60 million. SR Bancorp had a return on equity of 1.62% and a net margin of 6.47%.

Hedge Funds Weigh In On SR Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in SRBK. Ancora Advisors LLC increased its position in SR Bancorp by 2.2% in the 2nd quarter. Ancora Advisors LLC now owns 48,600 shares of the company’s stock valued at $956,000 after buying an additional 1,050 shares in the last quarter. BlackRock Inc. acquired a new stake in SR Bancorp in the second quarter valued at approximately $9,783,000. Deutsche Bank AG acquired a new position in shares of SR Bancorp during the second quarter worth approximately $135,000. Bank of New York Mellon Corp bought a new stake in SR Bancorp during the 2nd quarter valued at $427,000. Finally, Renaissance Technologies LLC raised its holdings in SR Bancorp by 0.6% during the first quarter. Renaissance Technologies LLC now owns 180,300 shares of the company’s stock worth $3,043,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

(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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