Short Interest in SR Bancorp, Inc. (NASDAQ:SRBK) Decreases By 26.0%

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 29,300 shares, a decline of 26.0% from the November 15th total of 39,600 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

SR Bancorp Stock Performance

Shares of SRBK traded down $0.23 during mid-day trading on Friday, hitting $12.15. 14,043 shares of the company’s stock were exchanged, compared to its average volume of 25,202. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market cap of $114.70 million, a price-to-earnings ratio of 103.18 and a beta of 1.07. The stock’s 50-day simple moving average is $11.19 and its 200-day simple moving average is $10.24. SR Bancorp has a 52 week low of $8.94 and a 52 week high of $12.46.

Insider Buying and Selling

In other news, Director Thomas Lupo bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $10.58 per share, with a total value of $52,900.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $211,600. This represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David M. Orbach purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $11.75 per share, for a total transaction of $117,500.00. Following the completion of the purchase, the insider now directly owns 140,000 shares of the company’s stock, valued at $1,645,000. This represents a 7.69 % increase in their position. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On SR Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp during the 3rd quarter worth approximately $276,000. SeaCrest Wealth Management LLC raised its holdings in shares of SR Bancorp by 59.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock worth $368,000 after buying an additional 14,773 shares in the last quarter. Fourthstone LLC bought a new stake in shares of SR Bancorp during the 3rd quarter worth $756,000. Geode Capital Management LLC boosted its stake in SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after buying an additional 21,930 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in SR Bancorp by 31.5% in the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock valued at $4,214,000 after acquiring an additional 106,843 shares during the last quarter. Institutional investors own 24.70% of the company’s stock.

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.