Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) Director Purchases 5,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) Director Thomas Lupo acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $10.58 per share, with a total value of $52,900.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $211,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SR Bancorp Stock Up 2.4 %

Shares of SRBK stock traded up $0.25 during trading hours on Wednesday, reaching $10.79. 40,222 shares of the company traded hands, compared to its average volume of 20,683. The firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.46. SR Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $10.79.

SR Bancorp (NASDAQ:SRBK) last issued its earnings results on Tuesday, July 30th. The company reported ($0.34) earnings per share (EPS) for the quarter. SR Bancorp had a negative return on equity of 5.52% and a negative net margin of 28.30%. The business had revenue of $4.05 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SR Bancorp stock. SeaCrest Wealth Management LLC boosted its position in shares of SR Bancorp, Inc. (NASDAQ:SRBK) by 59.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,773 shares of the company’s stock after acquiring an additional 14,773 shares during the period. SeaCrest Wealth Management LLC owned 0.42% of SR Bancorp worth $368,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.