SR Bancorp, Inc. (NASDAQ:SRBK) CEO Purchases $23,020.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor purchased 2,000 shares of SR Bancorp stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $11.51 per share, with a total value of $23,020.00. Following the transaction, the chief executive officer now owns 70,838 shares in the company, valued at approximately $815,345.38. The trade was a 2.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SR Bancorp Stock Down 1.4 %

Shares of NASDAQ SRBK opened at $11.36 on Friday. SR Bancorp, Inc. has a 12-month low of $8.94 and a 12-month high of $12.76. The stock has a market cap of $104.96 million, a PE ratio of 189.36 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $12.05 and a 200 day moving average of $11.43.

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

Institutional Trading of SR Bancorp

Several large investors have recently bought and sold shares of SRBK. Mink Brook Asset Management LLC purchased a new stake in shares of SR Bancorp in the 4th quarter valued at approximately $3,384,000. Fourthstone LLC purchased a new stake in shares of SR Bancorp in the 3rd quarter valued at approximately $756,000. Arcus Capital Partners LLC purchased a new stake in shares of SR Bancorp in the 3rd quarter valued at approximately $276,000. Geode Capital Management LLC grew its stake in shares of SR Bancorp by 30.7% in 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 during the period. Finally, Northern Trust Corp grew its stake in shares of SR Bancorp by 34.3% in 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 during the period. Hedge funds and other 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.