Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) CEO Buys 1,500 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor acquired 1,500 shares of the company’s stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $12.47 per share, for a total transaction of $18,705.00. Following the completion of the acquisition, the chief executive officer now directly owns 68,838 shares in the company, valued at $858,409.86. The trade was a 2.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SR Bancorp Stock Up 0.1 %

Shares of SRBK stock traded up $0.01 during mid-day trading on Tuesday, reaching $12.32. 4,169 shares of the company were exchanged, compared to its average volume of 26,019. 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 business’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $11.09. The company has a market capitalization of $116.30 million, a P/E ratio of 205.37 and a beta of 0.84. SR Bancorp, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $12.76.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Friday, January 31st. The company reported $0.12 earnings per share 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fourthstone LLC acquired a new position in shares of SR Bancorp in the 3rd quarter worth approximately $756,000. Arcus Capital Partners LLC bought a new position in SR Bancorp during the third quarter worth $276,000. Finally, Geode Capital Management LLC boosted its holdings in SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,930 shares during the period. 24.70% of the stock is owned by institutional investors.

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.