SR Bancorp (NASDAQ:SRBK) Stock Rating Lowered by Wall Street Zen

Key Points

• SR Bancorp has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock.
• As of the last available data, SR Bancorp's stock is trading at $14.76, with a market capitalization of $132.84 million, and a 12-month price range of $9.80 to $14.96.
• Institutional investors have increased their stakes in SR Bancorp, with Mink Brook Asset Management LLC raising its position by 27.7% in the first quarter.

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

SR Bancorp Stock Performance

Shares of SRBK stock opened at $14.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $132.84 million, a PE ratio of 33.55 and a beta of 0.59. SR Bancorp has a 12-month low of $9.80 and a 12-month high of $14.96. The business's fifty day simple moving average is $13.98 and its 200-day simple moving average is $12.98.

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

Insider Activity at SR Bancorp

In related news, CEO William P. Taylor acquired 2,000 shares of the company's 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 of the company's stock, valued at $946,894. This represents a 2.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company's stock.

Institutional Trading of SR Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC grew 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 last quarter. Geode Capital Management LLC boosted its position in SR Bancorp by 94.5% in the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company's stock valued at $2,525,000 after buying an additional 90,873 shares during the last quarter. Arcus Capital Partners LLC purchased a new stake in SR Bancorp in the first quarter valued at approximately $483,000. Marshall Wace LLP acquired a new position in SR Bancorp in the 2nd quarter worth approximately $434,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in SR Bancorp during the 2nd quarter worth approximately $392,000. Institutional investors and hedge funds 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.

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