SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Up 27.5% in May

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 84,900 shares, an increase of 27.5% from the May 15th total of 66,600 shares. Approximately 1.1% of the company's stock are sold short. Based on an average daily trading volume, of 48,500 shares, the short-interest ratio is currently 1.8 days.

Insider Buying and Selling at SR Bancorp

In other SR Bancorp news, CEO William P. Taylor bought 2,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the chief executive officer now owns 72,838 shares in the company, valued at approximately $946,894. The trade was a 2.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Orbach acquired 5,000 shares of the stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the transaction, the insider now directly owns 193,032 shares in the company, valued at $2,546,092.08. The trade was a 2.66% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,500 shares of company stock worth $137,315 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On SR Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of SR Bancorp during the 1st quarter worth $263,000. Mink Brook Asset Management LLC increased its holdings in SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock valued at $4,330,000 after buying an additional 78,811 shares in the last quarter. Arcus Capital Partners LLC acquired a new stake in shares of SR Bancorp during the 1st quarter valued at approximately $483,000. Finally, Northern Trust Corp lifted its position in shares of SR Bancorp by 34.3% during the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company's stock valued at $221,000 after acquiring an additional 4,748 shares during the period. Institutional investors and hedge funds own 24.70% of the company's stock.

SR Bancorp Stock Performance

Shares of NASDAQ:SRBK traded down $0.19 during trading on Friday, reaching $12.84. The company had a trading volume of 68,189 shares, compared to its average volume of 35,419. The firm has a market capitalization of $115.56 million, a price-to-earnings ratio of -1,284,000.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average price is $12.99 and its 200 day moving average price is $12.34. SR Bancorp has a fifty-two week low of $9.12 and a fifty-two week high of $13.65.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised SR Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.