SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Update

SR Bancorp, Inc. (NASDAQ:SRBK) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 29,200 shares, a growth of 46.7% from the February 13th total of 19,900 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 24,000 shares, the short-interest ratio is currently 1.2 days.

SR Bancorp Stock Performance

SRBK traded up $0.16 during trading on Monday, hitting $11.58. The stock had a trading volume of 293 shares, compared to its average volume of 21,228. The firm has a market capitalization of $106.99 million, a P/E ratio of 193.03 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 has a twelve month low of $8.94 and a twelve month high of $12.76. The company’s 50-day moving average price is $12.04 and its 200 day moving average price is $11.47.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings data 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%.

Institutional Investors Weigh In On SR Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mink Brook Asset Management LLC acquired a new stake in SR Bancorp during the fourth quarter worth approximately $3,384,000. Fourthstone LLC purchased a new stake in shares of SR Bancorp during the 3rd quarter valued at $756,000. Geode Capital Management LLC raised its position in shares of SR Bancorp by 30.7% in 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 during the period. Finally, Northern Trust Corp boosted its holdings in SR Bancorp by 34.3% in the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after acquiring an additional 4,748 shares during the last quarter. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

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.