Christopher Pribula Purchases 1,000 Shares of SR Bancorp (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) COO Christopher Pribula purchased 1,000 shares of the stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $15.09 per share, with a total value of $15,090.00. Following the acquisition, the chief operating officer directly owned 49,933 shares in the company, valued at $753,488.97. This represents a 2.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SR Bancorp Price Performance

Shares of SRBK stock traded up $0.09 on Monday, reaching $15.12. The company had a trading volume of 10,683 shares, compared to its average volume of 42,284. The business’s 50-day moving average is $14.89 and its 200 day moving average is $14.24. SR Bancorp, Inc. has a one year low of $11.01 and a one year high of $15.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $128.93 million, a PE ratio of 40.85 and a beta of 0.57.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter. SR Bancorp had a net margin of 6.28% and a return on equity of 1.42%. The business had revenue of $8.16 million during the quarter.

SR Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. SR Bancorp’s dividend payout ratio (DPR) is 54.05%.

Hedge Funds Weigh In On SR Bancorp

Several large investors have recently bought and sold shares of SRBK. Geode Capital Management LLC grew its stake in shares of SR Bancorp by 94.5% in the 2nd quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock worth $2,525,000 after acquiring an additional 90,873 shares in the last quarter. Mink Brook Asset Management LLC boosted its holdings in SR Bancorp by 27.7% during the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock worth $4,330,000 after purchasing an additional 78,811 shares during the last quarter. Marshall Wace LLP bought a new stake in SR Bancorp in the 2nd quarter worth about $434,000. Pekin Hardy Strauss Inc. purchased a new stake in SR Bancorp in the 2nd quarter valued at about $392,000. Finally, Jane Street Group LLC purchased a new stake in SR Bancorp in the 1st quarter valued at about $263,000. 24.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SRBK. Hovde Group initiated coverage on SR Bancorp in a report on Tuesday, November 18th. They issued a “market perform” rating and a $16.00 target price for the company. Wall Street Zen downgraded SR Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of SR Bancorp from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

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.