284,141 Shares in SR Bancorp, Inc. (NASDAQ:SRBK) Acquired by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC purchased a new stake in shares of SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 284,141 shares of the company's stock, valued at approximately $3,384,000. SR Bancorp comprises about 3.2% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 11th largest holding. Mink Brook Asset Management LLC owned 3.01% of SR Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Northern Trust Corp grew its stake 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 buying an additional 4,748 shares during the last quarter. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

SR Bancorp Price Performance

NASDAQ SRBK remained flat at $13.18 on Friday. The company's stock had a trading volume of 73,043 shares, compared to its average volume of 30,256. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock's fifty day moving average is $12.39 and its two-hundred day moving average is $12.01. SR Bancorp, Inc. has a 52-week low of $8.94 and a 52-week high of $13.65. The stock has a market capitalization of $121.77 million, a P/E ratio of 219.70 and a beta of 0.70.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 EPS for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%. The firm had revenue of $7.73 million for the quarter.

SR Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp's payout ratio is presently 333.33%.

Insiders Place Their Bets

In other SR Bancorp news, insider David M. Orbach acquired 10,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $11.58 per share, with a total value of $115,800.00. Following the purchase, the insider now directly owns 188,032 shares of the company's stock, valued at $2,177,410.56. This trade represents a 5.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have purchased 13,475 shares of company stock valued at $155,984. 3.60% of the stock is currently owned by company insiders.

SR Bancorp 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.