SR Bancorp (NASDAQ:SRBK) Stock Price Up 0.3% - Should You Buy?

Key Points

• SR Bancorp's stock price increased by 0.3%, trading at $13.96 after reaching a high of $14.07, although trading volume decreased by 28% from its average.
• Wall Street Zen upgraded SR Bancorp's rating from "sell" to "hold", signaling a potential positive shift in market outlook.
• The company reported $0.06 EPS in its latest quarterly earnings, with a revenue of $7.97 million and a net margin of 7.70%.

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) shares were up 0.3% during trading on Friday . The company traded as high as $14.07 and last traded at $13.96. Approximately 38,602 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 53,690 shares. The stock had previously closed at $13.92.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded SR Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday.

SR Bancorp Stock Up 0.3%

The firm has a market capitalization of $125.64 million, a price-to-earnings ratio of 31.73 and a beta of 0.59. The stock has a fifty day moving average of $13.58 and a two-hundred day moving average of $12.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter. The business had revenue of $7.97 million during the quarter. SR Bancorp had a return on equity of 1.74% and a net margin of 7.70%.

SR Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 30th.

Insider Transactions at SR Bancorp

In other SR Bancorp news, CEO William P. Taylor purchased 2,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the acquisition, the chief executive officer owned 72,838 shares in the company, valued at approximately $946,894. The trade was a 2.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Orbach purchased 5,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $13.19 per share, with a total value of $65,950.00. Following the completion of the acquisition, the insider owned 193,032 shares in the company, valued at approximately $2,546,092.08. This trade represents a 2.66% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,500 shares of company stock valued at $137,315. Company insiders own 3.60% of the company's stock.

Institutional Trading of SR Bancorp

Large investors have recently bought and sold shares of the business. Arcus Capital Partners LLC acquired a new stake in SR Bancorp during the 1st quarter worth about $483,000. Northern Trust Corp grew its holdings in 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 acquiring an additional 4,748 shares during the period. Mink Brook Asset Management LLC acquired a new stake in SR Bancorp during the 4th quarter worth about $3,384,000. Finally, Jane Street Group LLC acquired a new stake in SR Bancorp during the 1st quarter worth about $263,000. 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.