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

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

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

SR Bancorp Stock Up 0.2%

Shares of NASDAQ:SRBK traded up $0.03 during midday trading on Friday, reaching $14.43. The company's stock had a trading volume of 68,157 shares, compared to its average volume of 42,589. The firm has a 50 day moving average of $13.23 and a 200-day moving average of $12.51. The firm has a market capitalization of $129.87 million, a P/E ratio of -1,443,000.00 and a beta of 0.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. SR Bancorp, Inc. has a 12-month low of $9.33 and a 12-month high of $14.96.

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

SR Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, June 30th.

Wall Street Analyst Weigh In

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

Insider Activity

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

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.