SR Bancorp, Inc. (NASDAQ:SRBK) CEO Buys $23,020.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) CEO William P. Taylor acquired 2,000 shares of SR Bancorp stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $11.51 per share, with a total value of $23,020.00. Following the completion of the transaction, the chief executive officer now directly owns 70,838 shares of the company's stock, valued at $815,345.38. This trade represents a 2.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SR Bancorp Price Performance

Shares of NASDAQ SRBK traded up $0.14 during mid-day trading on Friday, reaching $11.50. The company's stock had a trading volume of 1,182 shares, compared to its average volume of 21,426. The stock has a 50-day moving average of $12.05 and a two-hundred day moving average of $11.43. The stock has a market capitalization of $106.25 million, a P/E ratio of 191.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. SR Bancorp, Inc. has a 1-year low of $8.94 and a 1-year high of $12.76.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its 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%.

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Institutional Investors Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in SR Bancorp by 30.7% during the third 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 during the last quarter. Arcus Capital Partners LLC acquired a new stake in SR Bancorp during the third quarter worth about $276,000. Fourthstone LLC acquired a new stake in SR Bancorp during the third quarter worth about $756,000. Northern Trust Corp increased its position in 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, Mink Brook Asset Management LLC acquired a new stake in SR Bancorp during the fourth quarter worth about $3,384,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.