SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor Acquires 1,500 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor bought 1,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average price of $12.47 per share, with a total value of $18,705.00. Following the transaction, the chief executive officer now owns 68,838 shares of the company’s stock, valued at $858,409.86. The trade was a 2.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

SR Bancorp Stock Down 0.1 %

SR Bancorp stock opened at $12.30 on Wednesday. The company’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $11.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $116.11 million, a price-to-earnings ratio of 205.03 and a beta of 0.84. SR Bancorp, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $12.76.

SR Bancorp (NASDAQ:SRBK) last released 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%.

Hedge Funds Weigh In On SR Bancorp

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in SR Bancorp by 30.7% during the third 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. Fourthstone LLC acquired a new stake in shares of SR Bancorp in the 3rd quarter valued at approximately $756,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of SR Bancorp during the 3rd quarter valued at $276,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.