SR Bancorp (NASDAQ:SRBK) Lowered to "Sell" Rating by Wall Street Zen

SR Bancorp (NASDAQ:SRBK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

SR Bancorp Price Performance

Shares of SR Bancorp stock opened at $13.50 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $121.50 million, a PE ratio of -1,350,000.00 and a beta of 0.59. SR Bancorp has a 12-month low of $9.12 and a 12-month high of $13.65. The company's fifty day simple moving average is $13.13 and its two-hundred day simple moving average is $12.43.

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

Insider Buying and Selling

In other SR Bancorp news, CEO William P. Taylor purchased 2,000 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 72,838 shares in the company, valued at $946,894. This trade represents a 2.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David M. Orbach acquired 5,000 shares of the company's stock in a transaction that occurred 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 directly owned 193,032 shares of the company's stock, valued at $2,546,092.08. The trade was a 2.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 10,500 shares of company stock worth $137,315. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On SR Bancorp

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

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.

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