David M. Orbach Buys 10,000 Shares of SR Bancorp, Inc. (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of $11.58 per share, with a total value of $115,800.00. Following the acquisition, the insider now directly owns 188,032 shares in the company, valued at $2,177,410.56. The trade was a 5.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

SR Bancorp Trading Up 1.6 %

SRBK opened at $11.79 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The firm has a market cap of $108.93 million, a P/E ratio of 196.53 and a beta of 0.91. SR Bancorp, Inc. has a 52 week low of $8.94 and a 52 week high of $12.76. The business has a fifty day simple moving average of $12.01 and a 200-day simple moving average of $11.50.

SR Bancorp (NASDAQ:SRBK) last released its earnings results 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%.

SR Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.70%.

Hedge Funds Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC purchased a new stake in shares of SR Bancorp during the fourth quarter worth $3,384,000. Fourthstone LLC acquired a new position in SR Bancorp during the 3rd quarter worth $756,000. Geode Capital Management LLC increased its holdings in SR Bancorp by 30.7% during the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,930 shares during the period. Finally, Northern Trust Corp raised its position in SR Bancorp by 34.3% in the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after purchasing an additional 4,748 shares in the last quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.

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.