SR Bancorp, Inc. (NASDAQ:SRBK) COO Buys $12,390.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) COO Christopher J. Pribula bought 1,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price of $12.39 per share, with a total value of $12,390.00. Following the purchase, the chief operating officer now owns 48,933 shares in the company, valued at $606,279.87. This trade represents a 2.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SR Bancorp Stock Up 0.6%

NASDAQ:SRBK traded up $0.08 during mid-day trading on Friday, hitting $13.10. 108,106 shares of the company's stock were exchanged, compared to its average volume of 33,807. The company has a market cap of $117.86 million, a PE ratio of 218.37 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.00. SR Bancorp, Inc. has a one year low of $8.98 and a one year high of $13.65. The business has a fifty day moving average price of $12.76 and a 200 day moving average price of $12.20.

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 firm had revenue of $7.73 million during the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

SR Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 31st. SR Bancorp's dividend payout ratio (DPR) is 333.33%.

Institutional Investors Weigh In On SR Bancorp

A number of institutional investors have recently modified their holdings of SRBK. Northern Trust Corp raised its position in shares of 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 during the last quarter. Jane Street Group LLC bought a new stake in SR Bancorp during the 1st quarter valued at about $263,000. Arcus Capital Partners LLC purchased a new position in SR Bancorp in the first quarter worth about $483,000. Finally, Mink Brook Asset Management LLC bought a new position in shares of SR Bancorp in the fourth quarter worth approximately $3,384,000. 24.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.