SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Up 65.5% in March

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 79,600 shares, a growth of 65.5% from the March 15th total of 48,100 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 22,000 shares, the short-interest ratio is presently 3.6 days.

SR Bancorp Trading Down 0.4 %

SRBK stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.82. 21,651 shares of the stock traded hands, compared to its average volume of 26,584. The stock's fifty day moving average is $11.98 and its 200-day moving average is $11.74. The company has a market cap of $118.44 million, a P/E ratio of 213.70 and a beta of 0.79. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. SR Bancorp has a 52-week low of $8.94 and a 52-week high of $14.00.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

SR Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. SR Bancorp's dividend payout ratio is 333.33%.

Insider Activity

In related news, insider David M. Orbach bought 10,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $11.58 per share, with a total value of $115,800.00. Following the completion of the transaction, the insider now directly owns 188,032 shares of the company's stock, valued at approximately $2,177,410.56. This trade represents a 5.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders purchased 14,975 shares of company stock worth $174,689. Insiders own 3.60% of the company's stock.

Institutional Trading of SR Bancorp

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock worth $1,041,000 after acquiring an additional 21,930 shares in the last quarter. Northern Trust Corp increased its holdings in 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 buying an additional 4,748 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in SR Bancorp during the fourth quarter valued at approximately $3,384,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.