SR Bancorp (NASDAQ:SRBK) Announces Earnings Results

SR Bancorp (NASDAQ:SRBK) posted its earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. SR Bancorp had a return on equity of 0.50% and a net margin of 2.25%.

SR Bancorp Stock Up 0.3 %

NASDAQ SRBK traded up $0.04 during trading hours on Friday, reaching $12.61. 42,858 shares of the company’s stock were exchanged, compared to its average volume of 28,094. The company’s 50-day moving average is $11.86 and its two-hundred day moving average is $10.94. SR Bancorp has a one year low of $8.94 and a one year high of $12.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $119.06 million, a price-to-earnings ratio of 105.09 and a beta of 0.84.

Insider Buying and Selling

In other SR Bancorp news, insider David M. Orbach bought 10,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $11.75 per share, with a total value of $117,500.00. Following the purchase, the insider now owns 140,000 shares in the company, valued at $1,645,000. This trade represents a 7.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by company insiders.

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.