SR Bancorp, Inc. (NASDAQ:SRBK) SVP Acquires $12,340.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) SVP James Castelletti bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $12.34 per share, for a total transaction of $12,340.00. Following the acquisition, the senior vice president now directly owns 1,000 shares in the company, valued at $12,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

SR Bancorp Stock Up 1.3 %

Shares of NASDAQ:SRBK opened at $12.17 on Friday. The company has a market cap of $114.91 million, a price-to-earnings ratio of 101.43 and a beta of 1.07. SR Bancorp, Inc. has a one year low of $8.94 and a one year high of $12.46. The firm has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $10.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00.

Hedge Funds Weigh In On SR Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRBK. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp during the 3rd quarter valued at about $276,000. Fourthstone LLC bought a new stake in SR Bancorp during the third quarter valued at approximately $756,000. Finally, Geode Capital Management LLC grew its stake in SR Bancorp by 30.7% in the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after buying an additional 21,930 shares in the last quarter. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

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.