Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) COO Acquires 1,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) COO Christopher J. Pribula bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $11.63 per share, with a total value of $11,630.00. Following the transaction, the chief operating officer now directly owns 47,933 shares of the company’s stock, valued at $557,460.79. This represents a 2.13 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SR Bancorp Stock Performance

NASDAQ:SRBK opened at $11.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. SR Bancorp, Inc. has a 12-month low of $8.94 and a 12-month high of $12.76. The stock has a 50-day moving average price of $12.09 and a 200 day moving average price of $11.40. The stock has a market capitalization of $108.47 million, a P/E ratio of 195.70 and a beta of 0.91.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%.

Hedge Funds Weigh In On SR Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in SR Bancorp by 34.3% during the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after buying an additional 4,748 shares in the last quarter. Geode Capital Management LLC grew its holdings in SR Bancorp by 30.7% during the 3rd 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. Arcus Capital Partners LLC purchased a new position in SR Bancorp during the 3rd quarter valued at approximately $276,000. Fourthstone LLC purchased a new position in SR Bancorp during the 3rd quarter valued at approximately $756,000. Finally, Mink Brook Asset Management LLC purchased a new position in SR Bancorp during the 4th quarter valued at approximately $3,384,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

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.