SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor Purchases 2,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor purchased 2,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $11.51 per share, with a total value of $23,020.00. Following the transaction, the chief executive officer now owns 70,838 shares of the company’s stock, valued at $815,345.38. This trade represents a 2.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

SR Bancorp Stock Performance

NASDAQ SRBK opened at $11.52 on Thursday. The business’s 50-day simple moving average is $12.06 and its 200-day simple moving average is $11.43. The firm has a market capitalization of $106.43 million, a P/E ratio of 192.03 and a beta of 0.91. SR Bancorp, Inc. has a 1-year low of $8.94 and a 1-year high of $12.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.00.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings data on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 21,930 shares during the period. Arcus Capital Partners LLC acquired a new stake in SR Bancorp in the third quarter valued at approximately $276,000. Fourthstone LLC purchased a new stake in shares of SR Bancorp during the third quarter valued at approximately $756,000. Northern Trust Corp lifted its position in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock worth $221,000 after purchasing an additional 4,748 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of SR Bancorp in the fourth quarter valued at $3,384,000. 24.70% of the stock is owned by hedge funds and other 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.