SR Bancorp, Inc. (NASDAQ:SRBK) Insider David M. Orbach Purchases 20,000 Shares of Stock

Posted by Defense World Staff on Jun 19th, 2024

SR Bancorp, Inc. (NASDAQ:SRBK – Get Free Report) insider David M. Orbach acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average cost of $9.15 per share, with a total value of $183,000.00. Following the completion of the purchase, the insider now owns 120,000 shares of the company’s stock, valued at $1,098,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SR Bancorp Stock Down 1.1 %

Shares of SR Bancorp stock opened at $9.14 on Wednesday. SR Bancorp, Inc. has a 12 month low of $8.01 and a 12 month high of $10.00. The business has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $9.39.

SR Bancorp (NASDAQ:SRBK – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.12 EPS for the quarter. The company had revenue of $8.78 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRBK. Stilwell Value LLC bought a new stake in shares of SR Bancorp in the third quarter valued at about $347,000. SeaCrest Wealth Management LLC bought a new stake in shares of SR Bancorp in the fourth quarter valued at about $234,000. Finally, Vanguard Group Inc. lifted its holdings in shares of SR Bancorp by 31.5% in the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock valued at $4,214,000 after purchasing an additional 106,843 shares in the last quarter. 24.70% of the stock is owned by institutional investors and hedge funds.

SR Bancorp Company Profile

(Get Free Report)

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.