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

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

SR Bancorp Trading Up 2.4%

NASDAQ:SRBK traded up $0.33 during trading hours on Friday, hitting $13.86. The stock had a trading volume of 150,608 shares, compared to its average volume of 41,513. The business's 50 day moving average is $13.15 and its 200-day moving average is $12.46. The company has a market cap of $124.74 million, a price-to-earnings ratio of -1,386,000.00 and a beta of 0.59. SR Bancorp has a one year low of $9.16 and a one year high of $14.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02.

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

Insider Buying and Selling

In related news, insider David M. Orbach acquired 5,000 shares of the stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $13.19 per share, with a total value of $65,950.00. Following the completion of the transaction, the insider directly owned 193,032 shares of the company's stock, valued at approximately $2,546,092.08. The trade was a 2.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William P. Taylor acquired 2,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the chief executive officer owned 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 disclosure for this purchase can be found here. Over the last three months, insiders have purchased 10,500 shares of company stock valued at $137,315. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SR Bancorp

A number of large investors have recently added to or reduced their stakes in SRBK. Jane Street Group LLC acquired a new position in shares of SR Bancorp during the first quarter worth about $263,000. Mink Brook Asset Management LLC lifted 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 valued at $4,330,000 after acquiring an additional 78,811 shares in the last quarter. Arcus Capital Partners LLC acquired a new stake in shares of SR Bancorp in the first quarter valued at approximately $483,000. Finally, Northern Trust Corp lifted 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 purchasing an additional 4,748 shares in the last quarter. Institutional investors own 24.70% of the company's stock.

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.