SR Bancorp, Inc. (NASDAQ:SRBK) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of SR Bancorp, Inc. (NASDAQ:SRBK) by 30.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,372 shares of the company’s stock after acquiring an additional 21,930 shares during the period. Geode Capital Management LLC owned approximately 0.99% of SR Bancorp worth $1,041,000 as of its most recent SEC filing.

Separately, Fourthstone LLC purchased a new stake in shares of SR Bancorp in the 3rd quarter valued at $756,000. 24.70% of the stock is currently owned by institutional investors.

SR Bancorp Stock Performance

Shares of SR Bancorp stock opened at $11.82 on Friday. The stock has a market capitalization of $111.60 million, a price-to-earnings ratio of 98.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $11.57 and a 200 day moving average of $10.65. SR Bancorp, Inc. has a 12 month low of $8.94 and a 12 month high of $12.76.

Insiders Place Their Bets

In other SR Bancorp news, insider David M. Orbach bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $11.75 per share, for a total transaction of $117,500.00. Following the completion of the purchase, the insider now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

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.