SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor Buys 2,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) CEO William P. Taylor acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average cost of $13.00 per share, with a total value of $26,000.00. Following the transaction, the chief executive officer now directly owns 72,838 shares of the company's stock, valued at $946,894. This trade represents a 2.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SR Bancorp Price Performance

Shares of SR Bancorp stock traded down $0.16 during trading on Monday, hitting $12.65. 41,402 shares of the stock traded hands, compared to its average volume of 32,164. The stock has a market cap of $113.81 million, a price-to-earnings ratio of 210.87 and a beta of 0.70. SR Bancorp, Inc. has a 52 week low of $8.94 and a 52 week high of $13.65. The firm's fifty day moving average is $12.69 and its 200-day moving average is $12.16. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15.

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

SR Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp's dividend payout ratio is currently 333.33%.

Institutional Trading of SR Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mink Brook Asset Management LLC grew its stake in SR Bancorp by 27.7% in the 1st quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock worth $4,330,000 after acquiring an additional 78,811 shares in the last quarter. Arcus Capital Partners LLC purchased a new stake in shares of SR Bancorp in the 1st quarter valued at $483,000. Jane Street Group LLC acquired a new stake in SR Bancorp during the first quarter worth about $263,000. Finally, Northern Trust Corp raised its position in shares of SR Bancorp by 34.3% in 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. 24.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of SR Bancorp from a "sell" rating to a "hold" rating in a research note 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.