SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Update

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 29,300 shares, a decrease of 26.0% from the November 15th total of 39,600 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company's stock are sold short.

Insider Transactions at SR Bancorp

In other SR Bancorp news, Director Thomas Lupo acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $10.58 per share, for a total transaction of $52,900.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $211,600. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David M. Orbach bought 10,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were bought at an average price of $11.75 per share, for a total transaction of $117,500.00. Following the completion of the acquisition, the insider now owns 140,000 shares of the company's stock, valued at approximately $1,645,000. This represents a 7.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SR Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC grew its stake in SR Bancorp by 59.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company's stock valued at $368,000 after buying an additional 14,773 shares during the last quarter. Geode Capital Management LLC boosted its holdings in SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock valued at $1,041,000 after acquiring an additional 21,930 shares during the period. Arcus Capital Partners LLC bought a new position in shares of SR Bancorp in the third quarter worth about $276,000. Fourthstone LLC acquired a new position in shares of SR Bancorp during the 3rd quarter worth about $756,000. Finally, Vanguard Group Inc. boosted its stake in SR Bancorp by 31.5% during the 1st quarter. Vanguard Group Inc. now owns 446,393 shares of the company's stock valued at $4,214,000 after purchasing an additional 106,843 shares during the period. Institutional investors and hedge funds own 24.70% of the company's stock.

SR Bancorp Stock Down 2.1 %

Shares of NASDAQ SRBK traded down $0.26 during mid-day trading on Friday, reaching $12.12. 15,258 shares of the company traded hands, compared to its average volume of 25,219. The company's fifty day moving average is $11.21 and its two-hundred day moving average is $10.27. SR Bancorp has a fifty-two week low of $8.94 and a fifty-two week high of $12.46. 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 stock has a market cap of $114.44 million, a PE ratio of 101.00 and a beta of 1.07.

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.