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 stock in a transaction on Thursday, May 29th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the acquisition, the chief executive officer now owns 72,838 shares of the company's stock, valued at approximately $946,894. The trade was a 2.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

SR Bancorp Stock Down 0.8%

SRBK traded down $0.10 during mid-day trading on Tuesday, reaching $12.55. 41,558 shares of the stock were exchanged, compared to its average volume of 32,201. SR Bancorp, Inc. has a 1 year low of $8.94 and a 1 year high of $13.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $112.91 million, a PE ratio of 209.20 and a beta of 0.70. The company has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $12.17.

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

SR Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, March 31st. SR Bancorp's payout ratio is 333.33%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRBK. Northern Trust Corp increased its stake 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 worth $221,000 after purchasing an additional 4,748 shares during the last quarter. Mink Brook Asset Management LLC purchased a new stake in SR Bancorp in the fourth quarter worth $3,384,000. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp in the first quarter valued at $483,000. Finally, Jane Street Group LLC purchased a new position in shares of SR Bancorp during the 1st quarter valued at $263,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

SR Bancorp Company Profile

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.