William Taylor Purchases 1,000 Shares of SR Bancorp (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William Taylor bought 1,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $15.79 per share, with a total value of $15,790.00. Following the completion of the acquisition, the chief executive officer directly owned 73,838 shares of the company’s stock, valued at approximately $1,165,902.02. The trade was a 1.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SR Bancorp Stock Up 1.6%

NASDAQ:SRBK opened at $15.86 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $135.29 million, a P/E ratio of 42.86 and a beta of 0.55. SR Bancorp, Inc. has a fifty-two week low of $11.22 and a fifty-two week high of $15.98. The firm has a 50-day simple moving average of $14.95 and a two-hundred day simple moving average of $14.36.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings data on Wednesday, November 20th. The company reported $0.16 EPS for the quarter. SR Bancorp had a return on equity of 1.42% and a net margin of 6.28%.The company had revenue of $8.39 million for the quarter.

SR Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SRBK shares. Weiss Ratings raised shares of SR Bancorp from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded SR Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Hovde Group initiated coverage on SR Bancorp in a research report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SR Bancorp presently has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Investors Weigh In On SR Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pekin Hardy Strauss Inc. purchased a new position in SR Bancorp during the second quarter valued at $392,000. Mink Brook Asset Management LLC increased its position in SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock worth $4,330,000 after buying an additional 78,811 shares in the last quarter. Mangrove Partners IM LLC raised its stake in shares of SR Bancorp by 5.2% in the third quarter. Mangrove Partners IM LLC now owns 173,310 shares of the company’s stock worth $2,615,000 after buying an additional 8,492 shares during the period. Two Sigma Investments LP purchased a new position in shares of SR Bancorp during the 3rd quarter valued at about $290,000. Finally, BNP Paribas Financial Markets lifted its position in shares of SR Bancorp by 142.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company’s stock valued at $36,000 after buying an additional 1,381 shares in the last quarter. 24.70% of the stock is currently owned by hedge funds and other 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.