SR Bancorp, Inc. (NASDAQ:SRBK) Insider David M. Orbach Purchases 10,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach acquired 10,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $11.58 per share, with a total value of $115,800.00. Following the completion of the purchase, the insider now directly owns 188,032 shares in the company, valued at approximately $2,177,410.56. The trade was a 5.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

SR Bancorp Stock Up 1.0 %

Shares of NASDAQ SRBK opened at $11.60 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $11.49. The company has a market cap of $107.17 million, a P/E ratio of 193.37 and a beta of 0.91. SR Bancorp, Inc. has a 1 year low of $8.94 and a 1 year high of $12.76.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly 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%.

SR Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%.

Institutional Investors Weigh In On SR Bancorp

A number of large investors have recently bought and sold shares of SRBK. Fourthstone LLC purchased a new position in shares of SR Bancorp during the third quarter worth $756,000. Geode Capital Management LLC raised its position in shares of SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,930 shares during the period. Northern Trust Corp boosted its stake in shares of SR Bancorp by 34.3% during the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock worth $221,000 after acquiring an additional 4,748 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of SR Bancorp in the 4th quarter valued at about $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.