Key Points
- COO Christopher Pribula bought 1,000 shares on November 24 at an average price of $15.09, spending $15,090 and raising his stake to 49,933 shares (a 2.04% ownership increase).
- SR Bancorp shares trade around $15.13 (50-day MA $14.90, 200-day MA $14.25) with a market cap of $129.1M and a PE ratio of 40.89, near a 52-week range of $11.01–$15.45.
- The company pays a quarterly dividend of $0.05 (annualized $0.20, yield ~1.3%, DPR ~54%), and analysts have an average rating of Hold with a consensus price target of $16.00.
SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) COO Christopher Pribula bought 1,000 shares of the business's stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $15.09 per share, for a total transaction of $15,090.00. Following the completion of the purchase, the chief operating officer owned 49,933 shares in the company, valued at $753,488.97. This trade represents a 2.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
SR Bancorp Stock Performance
Shares of SRBK stock opened at $15.13 on Tuesday. The firm has a 50 day moving average of $14.90 and a two-hundred day moving average of $14.25. The stock has a market capitalization of $129.09 million, a PE ratio of 40.89 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. SR Bancorp, Inc. has a 52 week low of $11.01 and a 52 week high of $15.45.
SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $8.16 million for the quarter. SR Bancorp had a return on equity of 1.42% and a net margin of 6.28%.
SR Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. SR Bancorp's dividend payout ratio (DPR) is presently 54.05%.
Institutional Investors Weigh In On SR Bancorp
Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 90,873 shares in the last quarter. Mink Brook Asset Management LLC lifted its position in shares of SR Bancorp by 27.7% during the 1st quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock worth $4,330,000 after buying an additional 78,811 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of SR Bancorp in the 2nd quarter valued at $434,000. Pekin Hardy Strauss Inc. acquired a new position in shares of SR Bancorp in the 2nd quarter valued at $392,000. Finally, Jane Street Group LLC purchased a new position in shares of SR Bancorp in the 1st quarter valued at $263,000. Hedge funds and other institutional investors own 24.70% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Hovde Group began coverage on SR Bancorp in a research report on Tuesday, November 18th. They set a "market perform" rating and a $16.00 price objective for the company. Wall Street Zen cut shares of SR Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Weiss Ratings raised shares of SR Bancorp from a "sell (d)" rating to a "hold (c)" rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SR Bancorp has an average rating of "Hold" and a consensus price target of $16.00.
View Our Latest Research Report on SRBK
SR Bancorp Company Profile
(
Get Free Report)
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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