SR Bancorp (NASDAQ:SRBK) Trading Down 0.7% - Time to Sell?

Key Points

• SR Bancorp (SRBK) traded down 0.7% to $17.72 mid‑day with volume about 40% below average, and its 50‑ and 200‑day moving averages are $17.05 and $16.10 respectively.
• The company missed the quarter (EPS $0.09 vs. $0.11 expected), shows low profitability (ROE 1.27%, net margin 5.82%) but a high P/E of 49.2 and a market cap of roughly $148 million.
• Analyst and insider activity: Weiss Ratings upgraded SRBK to a "buy (b-)" and the stock carries an average "Moderate Buy" rating, the CFO purchased 3,000 shares recently, and the company declared a $0.05 quarterly dividend (1.1% yield, DPR ~55.6%).

Shares of SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) traded down 0.7% during mid-day trading on Friday . The company traded as low as $17.55 and last traded at $17.72. 17,273 shares were traded during mid-day trading, a decline of 40% from the average session volume of 28,604 shares. The stock had previously closed at $17.85.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of SR Bancorp from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.00.

SR Bancorp Trading Down 0.7%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The business's 50-day moving average price is $17.05 and its two-hundred day moving average price is $16.10. The company has a market capitalization of $147.78 million, a P/E ratio of 49.22 and a beta of 0.48.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). SR Bancorp had a return on equity of 1.27% and a net margin of 5.82%.The company had revenue of $8.37 million for the quarter, compared to analyst estimates of $8.50 million.

SR Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. SR Bancorp's dividend payout ratio (DPR) is presently 55.56%.

Insider Activity at SR Bancorp

In related news, CFO Harris M. Faqueri acquired 3,000 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $16.40 per share, for a total transaction of $49,200.00. Following the completion of the acquisition, the chief financial officer directly owned 13,000 shares in the company, valued at approximately $213,200. The trade was a 30.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 5,570 shares of company stock worth $91,979 in the last quarter. Company insiders own 7.82% of the company's stock.

Institutional Investors Weigh In On SR Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covalent Partners LLC raised its holdings in shares of SR Bancorp by 49.0% during the fourth quarter. Covalent Partners LLC now owns 60,000 shares of the company's stock worth $944,000 after acquiring an additional 19,740 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of SR Bancorp by 164.4% during the fourth quarter. Russell Investments Group Ltd. now owns 9,466 shares of the company's stock worth $149,000 after acquiring an additional 5,886 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of SR Bancorp by 16.2% during the fourth quarter. Panagora Asset Management Inc. now owns 28,404 shares of the company's stock worth $447,000 after acquiring an additional 3,950 shares during the period. Saber Capital Managment LLC acquired a new stake in shares of SR Bancorp during the fourth quarter worth $4,270,000. Finally, Barclays PLC raised its holdings in shares of SR Bancorp by 6.3% during the fourth quarter. Barclays PLC now owns 11,601 shares of the company's stock worth $183,000 after acquiring an additional 688 shares during the period. 24.70% of the stock is currently owned by institutional investors and hedge funds.

SR Bancorp Company Profile

SR Bancorp, Inc is a bank holding company that provides a broad array of banking and financial services through its wholly owned subsidiary. The firm focuses on serving community markets and maintaining close relationships with individuals, small businesses and local institutions.

Its product suite includes traditional deposit accounts such as checking and savings, certificates of deposit and money market accounts. On the lending side, SR Bancorp offers consumer, residential mortgage and commercial loans, as well as specialized lending solutions for small and mid-sized businesses.

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