Fourthstone LLC Reduces Stock Holdings in SR Bancorp, Inc. (NASDAQ:SRBK)

Fourthstone LLC trimmed its holdings in SR Bancorp, Inc. (NASDAQ:SRBK) by 12.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,284 shares of the company’s stock after selling 8,541 shares during the period. Fourthstone LLC’s holdings in SR Bancorp were worth $706,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its position in shares of SR Bancorp by 30.7% during the 3rd 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. 24.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SR Bancorp

In other SR Bancorp news, insider David M. Orbach acquired 10,000 shares of the business’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 purchase, the insider now directly owns 188,032 shares of the company’s stock, valued at $2,177,410.56. The trade was a 5.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 14,975 shares of company stock worth $174,689 over the last quarter. Insiders own 3.60% of the company’s stock.

SR Bancorp Stock Performance

Shares of SR Bancorp stock opened at $12.39 on Thursday. SR Bancorp, Inc. has a one year low of $8.94 and a one year high of $12.76. The company has a market capitalization of $114.47 million, a PE ratio of 206.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. The company has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $11.70.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Friday, January 31st. The company reported $0.12 earnings per share for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

SR Bancorp Dividend Announcement

The company also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp’s dividend payout ratio (DPR) is 333.33%.

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.