Arcus Capital Partners LLC Takes Position in SR Bancorp, Inc. (NASDAQ:SRBK)

Arcus Capital Partners LLC purchased a new stake in shares of SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,488 shares of the company's stock, valued at approximately $483,000. Arcus Capital Partners LLC owned about 0.44% of SR Bancorp at the end of the most recent reporting period.

Separately, Northern Trust Corp raised its holdings in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company's stock worth $221,000 after acquiring an additional 4,748 shares during the period. Institutional investors own 24.70% of the company's stock.

SR Bancorp Stock Performance

Shares of SR Bancorp stock traded up $0.15 during trading on Thursday, hitting $14.56. 551 shares of the stock were exchanged, compared to its average volume of 42,073. The stock has a market capitalization of $131.00 million, a price-to-earnings ratio of -1,455,500.00 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $13.17 and a 200-day moving average price of $12.47. SR Bancorp, Inc. has a 1-year low of $9.23 and a 1-year high of $14.96.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $7.73 million during the quarter. SR Bancorp had a negative net margin of 0.24% and a negative return on equity of 0.05%.

SR Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, June 30th.

Insider Buying and Selling

In related news, insider David M. Orbach acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $13.19 per share, with a total value of $65,950.00. Following the purchase, the insider directly owned 193,032 shares in the company, valued at approximately $2,546,092.08. This trade represents a 2.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William P. Taylor acquired 2,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average cost of $13.00 per share, with a total value of $26,000.00. Following the purchase, the chief executive officer owned 72,838 shares in the company, valued at $946,894. The trade was a 2.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 10,500 shares of company stock valued at $137,315. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of SR Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th.

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.

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