SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Up 65.5% in March

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 79,600 shares, an increase of 65.5% from the March 15th total of 48,100 shares. Based on an average daily trading volume, of 22,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.0% of the shares of the stock are sold short.

SR Bancorp Trading Up 1.8 %

SR Bancorp stock traded up $0.22 during trading hours on Friday, reaching $12.61. The company had a trading volume of 99,010 shares, compared to its average volume of 26,578. The firm has a market cap of $116.50 million, a price-to-earnings ratio of 210.20 and a beta of 0.79. SR Bancorp has a 12-month low of $8.94 and a 12-month 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. The company has a 50-day moving average price of $11.97 and a 200 day moving average price of $11.73.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.12 EPS for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

SR Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.59%. SR Bancorp's dividend payout ratio is presently 333.33%.

Insiders Place Their Bets

In related news, insider David M. Orbach acquired 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, for a total transaction of $115,800.00. Following the completion of the acquisition, the insider now owns 188,032 shares in the company, 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 filing with the SEC, which is available at this link. Insiders bought a total of 14,975 shares of company stock valued at $174,689 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SR Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its holdings 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 valued at $221,000 after acquiring an additional 4,748 shares in the last quarter. Geode Capital Management LLC raised its holdings 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. Finally, Mink Brook Asset Management LLC bought a new stake in shares of SR Bancorp during the 4th quarter valued at about $3,384,000. Hedge funds and other institutional investors own 24.70% of the company's stock.

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.