SR Bancorp (NASDAQ:SRBK) Upgraded to Hold at Wall Street Zen

Key Points

• SR Bancorp has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, reflecting a positive change in analysts' outlook.
• The company reported $0.06 EPS for its most recent quarter, with a revenue of $7.97 million and a net margin of 7.70%.
• Insider activity includes purchases by CEO William P. Taylor and David M. Orbach, increasing their positions in the company, which indicates confidence from leadership.

SR Bancorp (NASDAQ:SRBK - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

SR Bancorp Trading Up 0.3%

SRBK opened at $13.96 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 stock has a market capitalization of $125.64 million, a PE ratio of 31.73 and a beta of 0.59. SR Bancorp has a 1-year low of $9.50 and a 1-year high of $14.96. The firm has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $12.76.

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

Insider Buying and Selling at SR Bancorp

In other SR Bancorp news, insider David M. Orbach bought 5,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William P. Taylor purchased 2,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the transaction, the chief executive officer owned 72,838 shares in the company, 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. Insiders have bought 10,500 shares of company stock worth $137,315 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SR Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC bought a new position in SR Bancorp in the fourth quarter valued at approximately $3,384,000. Arcus Capital Partners LLC bought a new position in shares of SR Bancorp in the 1st quarter worth $483,000. Jane Street Group LLC bought a new position in shares of SR Bancorp in the 1st quarter worth $263,000. Finally, Northern Trust Corp grew its stake in shares of SR Bancorp by 34.3% during 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 period. 24.70% of the stock is owned by institutional investors.

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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