SR Bancorp (NASDAQ:SRBK) Issues Quarterly Earnings Results

SR Bancorp (NASDAQ:SRBK) posted its earnings results on Friday. The company reported $0.12 earnings per share for the quarter, Zacks reports. SR Bancorp had a return on equity of 0.50% and a net margin of 2.25%.

SR Bancorp Trading Up 0.3 %

SRBK stock traded up $0.04 during midday trading on Friday, hitting $12.61. 42,858 shares of the company’s stock were exchanged, compared to its average volume of 28,094. The company has a market cap of $119.06 million, a PE ratio of 105.09 and a beta of 0.84. The stock’s fifty day moving average price is $11.86 and its 200-day moving average price is $10.94. SR Bancorp has a one year low of $8.94 and a one year high of $12.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00.

Insider Activity

In related news, insider David M. Orbach acquired 10,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $11.75 per share, with a total value of $117,500.00. Following the acquisition, the insider now owns 140,000 shares in the company, valued at $1,645,000. This represents a 7.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

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.