Alliancebernstein L.P. cut its stake in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 640,014 shares of the company's stock after selling 27,000 shares during the quarter. Alliancebernstein L.P. owned about 6.78% of SR Bancorp worth $7,623,000 at the end of the most recent quarter.
Separately, Geode Capital Management LLC lifted its stake in SR Bancorp by 30.7% in the 3rd 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 in the last quarter. 24.70% of the stock is currently owned by institutional investors.
SR Bancorp Price Performance
Shares of SRBK traded up $0.02 during mid-day trading on Thursday, reaching $12.41. 12,680 shares of the stock traded hands, compared to its average volume of 26,141. The company has a market cap of $114.66 million, a price-to-earnings ratio of 206.87 and a beta of 0.79. SR Bancorp, Inc. has a 1 year low of $8.94 and a 1 year high of $12.76. The firm has a fifty day moving average price of $11.95 and a 200 day moving average price of $11.70. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15.
SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.12 EPS for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%.
SR Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, March 31st. SR Bancorp's dividend payout ratio (DPR) is 333.33%.
Insider Activity at SR Bancorp
In related news, insider David M. Orbach purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were purchased at an average price of $11.58 per share, with a total value of $115,800.00. Following the acquisition, the insider now directly owns 188,032 shares of the company's stock, valued at approximately $2,177,410.56. This represents a 5.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 14,975 shares of company stock valued at $174,689 over the last three months. 3.60% of the stock is owned by corporate insiders.
SR Bancorp Profile
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Free Report)
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.
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