SR Bancorp, Inc. (NASDAQ:SRBK) Insider David M. Orbach Acquires 2,500 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach bought 2,500 shares of the company’s stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $13.19 per share, for a total transaction of $32,975.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at approximately $98,925. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SR Bancorp Stock Performance

Shares of SRBK stock opened at $13.29 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.00. SR Bancorp, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $13.65. The stock’s 50-day moving average is $12.46 and its two-hundred day moving average is $12.04. The firm has a market cap of $122.79 million, a P/E ratio of 221.54 and a beta of 0.70.

SR Bancorp (NASDAQ:SRBK) last issued its earnings results 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 company had revenue of $7.73 million for the quarter.

SR Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, March 31st. SR Bancorp’s payout ratio is currently 333.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of SR Bancorp by 34.3% during the 4th 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. Jane Street Group LLC acquired a new position in shares of SR Bancorp during the 1st quarter valued at about $263,000. Arcus Capital Partners LLC acquired a new position in shares of SR Bancorp during the 1st quarter valued at about $483,000. Finally, Mink Brook Asset Management LLC acquired a new position in shares of SR Bancorp during the 4th quarter valued at about $3,384,000. 24.70% of the stock is 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.