SR Bancorp, Inc. (NASDAQ:SRBK) Sees Significant Growth in Short Interest

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 36,700 shares, an increase of 36.4% from the September 30th total of 26,900 shares. Currently, 0.4% of the company's stock are short sold. Based on an average trading volume of 39,900 shares, the short-interest ratio is currently 0.9 days.

SR Bancorp Stock Up 0.4 %

NASDAQ SRBK traded up $0.04 during trading on Monday, hitting $11.04. The company's stock had a trading volume of 39,293 shares, compared to its average volume of 23,976. SR Bancorp has a 52 week low of $8.01 and a 52 week high of $11.24. The firm has a market cap of $103.89 million and a P/E ratio of -1.10. The firm has a 50 day moving average price of $10.63 and a 200 day moving average price of $9.79.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported ($0.34) earnings per share (EPS) for the quarter. SR Bancorp had a negative return on equity of 5.49% and a negative net margin of 28.30%. The company had revenue of $4.05 million for the quarter.

Insider Activity

In related news, CEO William P. Taylor bought 4,000 shares of SR Bancorp stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $39,560.00. Following the acquisition, the chief executive officer now owns 21,700 shares in the company, valued at $214,613. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William P. Taylor bought 4,000 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $9.89 per share, with a total value of $39,560.00. Following the transaction, the chief executive officer now directly owns 21,700 shares in the company, valued at approximately $214,613. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Lupo purchased 5,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $10.58 per share, with a total value of $52,900.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company's stock, valued at approximately $211,600. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 19,000 shares of company stock valued at $189,360. Insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SR Bancorp stock. Vanguard Group Inc. raised its position in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,393 shares of the company's stock after acquiring an additional 106,843 shares during the period. Vanguard Group Inc. owned about 4.69% of SR Bancorp worth $4,214,000 as of its most recent SEC filing. 24.70% of the stock is currently 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.

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