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

Mink Brook Asset Management LLC acquired a new stake in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 biggest position. Mink Brook Asset Management LLC owned about 3.01% of SR Bancorp as of its most recent SEC filing.

Separately, Northern Trust Corp raised its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 24.70% of the company's stock.

SR Bancorp Stock Performance

Shares of SR Bancorp stock opened at $13.08 on Tuesday. SR Bancorp, Inc. has a 52 week low of $8.94 and a 52 week high of $13.65. 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 capitalization of $120.85 million, a P/E ratio of 218.04 and a beta of 0.70. The company has a 50 day moving average price of $12.26 and a 200 day moving average price of $11.95.

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

SR Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp's dividend payout ratio is presently 333.33%.

Insiders Place Their Bets

In other news, insider David M. Orbach bought 10,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average cost 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. This trade represents a 5.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 13,475 shares of company stock valued at $155,984. 3.60% of the stock is owned by 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.

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