Key Points
- COO Neil Viotto purchased 1,000 SR Bancorp shares on March 3 at an average price of $16.83, raising his stake to 11,400 shares (a 9.62% increase) in a $16,830 transaction disclosed in an SEC filing.
- The company recently missed earnings estimates, reporting $0.09 EPS versus $0.11 expected and $8.37M in revenue, while paying a $0.05 quarterly dividend (annualized $0.20, 1.2% yield) with a 55.6% payout ratio.
- Shares trade near $16.81 (12‑month range $11.36–$18.04) with a $140.2M market cap and a consensus analyst rating of Hold and $16 target; the stock was trading up about 1.4% on the report.
SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) COO Neil Viotto bought 1,000 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $16.83 per share, for a total transaction of $16,830.00. Following the completion of the acquisition, the chief operating officer directly owned 11,400 shares in the company, valued at approximately $191,862. This trade represents a 9.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
SR Bancorp Trading Up 1.4%
Shares of NASDAQ:SRBK opened at $16.81 on Wednesday. The firm has a market cap of $140.20 million, a price-to-earnings ratio of 46.69 and a beta of 0.55. SR Bancorp, Inc. has a 12 month low of $11.36 and a 12 month high of $18.04. The company's fifty day simple moving average is $16.69 and its 200 day simple moving average is $15.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.
SR Bancorp (NASDAQ:SRBK - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $8.37 million during the quarter, compared to analyst estimates of $8.50 million. SR Bancorp had a net margin of 5.82% and a return on equity of 1.27%.
SR Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.05 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. SR Bancorp's dividend payout ratio (DPR) is 55.56%.
Wall Street Analyst Weigh In
SRBK has been the subject of several analyst reports. Hovde Group assumed coverage on shares of SR Bancorp in a research note on Tuesday, November 18th. They issued a "market perform" rating and a $16.00 target price for the company. Wall Street Zen cut SR Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of SR Bancorp in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.00.
Get Our Latest Report on SR Bancorp
Institutional Investors Weigh In On SR Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in SR Bancorp by 6.3% in the 4th quarter. Barclays PLC now owns 11,601 shares of the company's stock worth $183,000 after purchasing an additional 688 shares in the last quarter. Nuveen LLC raised its holdings in SR Bancorp by 5.3% in the 4th quarter. Nuveen LLC now owns 21,051 shares of the company's stock valued at $331,000 after acquiring an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of SR Bancorp by 142.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company's stock valued at $36,000 after acquiring an additional 1,381 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of SR Bancorp by 6.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 31,000 shares of the company's stock worth $468,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of SR Bancorp by 41.1% in the fourth quarter. Wells Fargo & Company MN now owns 8,287 shares of the company's stock worth $130,000 after purchasing an additional 2,412 shares during the period. Institutional investors and hedge funds own 24.70% of the company's stock.
About SR Bancorp
(
Get Free Report)
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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