SR Bancorp (NASDAQ:SRBK) Upgraded at Wall Street Zen

Key Points

• SR Bancorp was upgraded by Wall Street Zen from “Sell” to “Hold,” while Weiss Ratings raised its rating from “Buy (b-)” to “Buy (b).” The stock has a “Moderate Buy” consensus rating and a $19.00 price target.
• SRBK opened at $18.50, compared with a 52-week range of $14.33 to $20.95. In its latest quarter, the company reported $0.12 in EPS, slightly below the $0.13 analyst estimate, and $8.56 million in revenue.
• Institutional investors own 24.70% of SR Bancorp, with several firms—including Deutsche Bank, Ritholtz Wealth Management and Bank of New York Mellon—recently initiating or increasing positions.

SR Bancorp (NASDAQ:SRBK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised SR Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, September 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, SR Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

SR Bancorp Price Performance

SRBK stock opened at $18.50 on Friday. The firm has a 50 day moving average price of $19.60 and a 200-day moving average price of $18.84. SR Bancorp has a 52-week low of $14.33 and a 52-week high of $20.95. The firm has a market capitalization of $149.85 million, a price-to-earnings ratio of 41.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 1.06.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). SR Bancorp had a return on equity of 1.62% and a net margin of 6.47%.The company had revenue of $8.56 million during the quarter, compared to the consensus estimate of $8.60 million.

Institutional Trading of SR Bancorp

A number of large investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in SR Bancorp during the second quarter valued at about $135,000. Ritholtz Wealth Management purchased a new stake in shares of SR Bancorp during the first quarter worth about $333,000. Bank of New York Mellon Corp purchased a new stake in shares of SR Bancorp during the second quarter worth about $427,000. Arcus Capital Partners LLC raised its stake in SR Bancorp by 3.7% during the 1st quarter. Arcus Capital Partners LLC now owns 41,920 shares of the company's stock valued at $708,000 after purchasing an additional 1,485 shares during the period. Finally, Ancora Advisors LLC raised its stake in SR Bancorp by 2.2% during the 2nd quarter. Ancora Advisors LLC now owns 48,600 shares of the company's stock valued at $956,000 after purchasing an additional 1,050 shares during the period. 24.70% of the stock is currently owned by institutional investors.

SR Bancorp Company Profile

SR Bancorp, Inc is the holding company for Somerset Savings Bank, S.L.A., a community-oriented savings institution headquartered in Bound Brook, New Jersey. The bank serves individuals, families and businesses in communities primarily across central New Jersey.

Somerset Savings Bank provides deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business lending and consumer loans.

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