SR Bancorp (NASDAQ:SRBK) Trading Down 0.8% - What's Next?

Shares of SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) were down 0.8% during trading on Thursday . The stock traded as low as $11.92 and last traded at $12.09. Approximately 35,259 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 25,754 shares. The stock had previously closed at $12.19.

SR Bancorp Stock Up 0.9 %

The firm's 50-day moving average price is $11.95 and its 200 day moving average price is $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. The company has a market capitalization of $111.80 million, a price-to-earnings ratio of 201.72 and a beta of 0.79.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.12 earnings per share 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp's payout ratio is 333.33%.

Insider Transactions at SR Bancorp

In related news, insider David M. Orbach acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average cost of $11.58 per share, for a total transaction of $115,800.00. Following the transaction, the insider now directly owns 188,032 shares in the company, valued at $2,177,410.56. This trade represents a 5.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 14,975 shares of company stock valued at $174,689. 3.60% of the stock is currently owned by insiders.

Institutional Trading of SR Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC acquired a new stake in shares of SR Bancorp during the 4th quarter valued at $3,384,000. Northern Trust Corp grew 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 worth $221,000 after purchasing an additional 4,748 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock valued at $1,041,000 after buying an additional 21,930 shares during the period. 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.