Key Points
- CEO William Taylor bought 1,000 shares on Dec. 2 at $15.79 each ($15,790), raising his direct holding to 73,838 shares (a 1.37% increase) valued at about $1.166 million.
- SRBK recently traded at $16.17, with a market cap of $137.96 million, a P/E of 43.5, and a 52‑week range of $11.22 to $15.98 (50‑ and 200‑day moving averages $14.94 and $14.35).
- The bank pays a quarterly dividend of $0.05 (annualized $0.20, yield 1.2%, payout ratio 54.05%), and analysts have a consensus "Hold" rating with a $16.00 price target amid mixed research notes.
SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) CEO William Taylor purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $15.79 per share, for a total transaction of $15,790.00. Following the completion of the acquisition, the chief executive officer directly owned 73,838 shares in the company, valued at $1,165,902.02. The trade was a 1.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SR Bancorp Price Performance
NASDAQ:SRBK traded up $0.99 on Thursday, hitting $16.17. The company had a trading volume of 9,329 shares, compared to its average volume of 42,022. The stock has a market capitalization of $137.96 million, a price-to-earnings ratio of 43.50 and a beta of 0.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $14.94 and a two-hundred day moving average of $14.35. SR Bancorp, Inc. has a 52 week low of $11.22 and a 52 week high of $15.98.
SR Bancorp (NASDAQ:SRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $8.39 million during the quarter. SR Bancorp had a net margin of 6.28% and a return on equity of 1.42%.
SR Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 30th. SR Bancorp's payout ratio is 54.05%.
Analysts Set New Price Targets
SRBK has been the subject of a number of research reports. Hovde Group began coverage on shares of SR Bancorp in a report on Tuesday, November 18th. They issued a "market perform" rating and a $16.00 price objective for the company. Weiss Ratings raised shares of SR Bancorp from a "sell (d)" rating to a "hold (c)" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded SR Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.00.
Get Our Latest Stock Report on SR Bancorp
Institutional Trading of SR Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of SRBK. Mink Brook Asset Management LLC lifted its stake in shares of SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock valued at $4,330,000 after buying an additional 78,811 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SR Bancorp by 94.5% in the 2nd quarter. Geode Capital Management LLC now owns 187,005 shares of the company's stock worth $2,525,000 after acquiring an additional 90,873 shares during the last quarter. Mangrove Partners IM LLC raised its holdings in shares of SR Bancorp by 5.2% in the 3rd quarter. Mangrove Partners IM LLC now owns 173,310 shares of the company's stock worth $2,615,000 after acquiring an additional 8,492 shares during the last quarter. Marshall Wace LLP bought a new position in SR Bancorp in the 2nd quarter valued at about $434,000. Finally, Pekin Hardy Strauss Inc. boosted its stake in SR Bancorp by 6.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 31,000 shares of the company's stock valued at $468,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 24.70% of the company's stock.
About SR Bancorp
(
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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