SR Bancorp (NASDAQ:SRBK) Stock Price Down 0.7% – Here’s What Happened

SR Bancorp, Inc. (NASDAQ:SRBK)’s stock price traded down 0.7% on Thursday . The stock traded as low as $11.52 and last traded at $11.52. 22,045 shares were traded during mid-day trading, a decline of 3% from the average session volume of 22,634 shares. The stock had previously closed at $11.60.

SR Bancorp Trading Up 1.9 %

The firm has a market cap of $108.47 million, a P/E ratio of 195.70 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $12.09 and its two-hundred day moving average is $11.39.

SR Bancorp (NASDAQ:SRBK) last issued 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%.

Insider Activity at SR Bancorp

In other SR Bancorp news, insider David M. Orbach purchased 10,000 shares of SR Bancorp stock in a transaction that occurred 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 transaction, the insider now owns 140,000 shares of the company’s stock, valued at approximately $1,645,000. This trade represents a 7.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders purchased 13,500 shares of company stock worth $160,175. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SR Bancorp

Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its position in shares of 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 buying an additional 4,748 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in SR Bancorp during the third quarter worth $276,000. Fourthstone LLC acquired a new position in SR Bancorp during the third quarter worth $756,000. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 21,930 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of SR Bancorp in the fourth quarter valued at about $3,384,000. 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.