Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) Insider Buys 2,500 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach acquired 2,500 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $13.19 per share, for a total transaction of $32,975.00. Following the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $98,925. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SR Bancorp Trading Up 0.7%

Shares of NASDAQ SRBK traded up $0.09 during trading hours on Tuesday, hitting $13.30. The company’s stock had a trading volume of 31,434 shares, compared to its average volume of 30,617. SR Bancorp, Inc. has a 12 month low of $8.94 and a 12 month high of $13.65. The stock has a market cap of $122.88 million, a price-to-earnings ratio of 221.62 and a beta of 0.70. 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 business has a 50-day simple moving average of $12.42 and a 200-day simple moving average of $12.03.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 earnings per share for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%. The firm had revenue of $7.73 million for the quarter.

SR Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp’s dividend payout ratio (DPR) is currently 333.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SRBK. Northern Trust Corp lifted 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 purchasing an additional 4,748 shares during the period. Jane Street Group LLC bought a new position in SR Bancorp in the first quarter worth about $263,000. Arcus Capital Partners LLC purchased a new stake in SR Bancorp in the first quarter worth about $483,000. Finally, Mink Brook Asset Management LLC boosted its position in SR Bancorp by 27.7% during the 1st quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock valued at $4,330,000 after acquiring an additional 78,811 shares in the last quarter. 24.70% of the stock is currently owned by institutional investors.

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.