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

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 20,500 shares, a drop of 29.8% from the January 15th total of 29,200 shares. Approximately 0.3% of the company's shares are short sold. Based on an average trading volume of 28,500 shares, the short-interest ratio is presently 0.7 days.

Insider Transactions at SR Bancorp

In other SR Bancorp news, insider David M. Orbach bought 10,000 shares of SR Bancorp stock in a transaction dated Monday, December 9th. The stock was 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 directly owns 140,000 shares of the company's stock, valued at approximately $1,645,000. This trade represents a 7.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 12,500 shares of company stock valued at $148,545 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On SR Bancorp

Hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in SR Bancorp by 34.3% in the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company's stock worth $221,000 after purchasing an additional 4,748 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 last quarter. Arcus Capital Partners LLC bought a new position in SR Bancorp during the third quarter valued at approximately $276,000. Fourthstone LLC acquired a new stake in SR Bancorp in the third quarter valued at approximately $756,000. Finally, Mink Brook Asset Management LLC bought a new stake in SR Bancorp in the fourth quarter worth approximately $3,384,000. 24.70% of the stock is owned by institutional investors and hedge funds.

SR Bancorp Stock Up 0.2 %

NASDAQ:SRBK traded up $0.02 during trading hours on Tuesday, hitting $12.44. 2,645 shares of the company's stock traded hands, compared to its average volume of 24,081. SR Bancorp has a twelve month low of $8.94 and a twelve month high of $12.76. The firm has a market cap of $117.43 million, a P/E ratio of 207.37 and a beta of 0.84. 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's fifty day moving average price is $12.12 and its two-hundred day moving average price is $11.19.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings results 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%.

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.