Key Points
- CFO Harris Faqueri purchased 3,000 shares on March 16 at $16.40 each (total ~$49,200), boosting his stake to 13,000 shares — a 30% increase — as disclosed in an SEC filing.
- SR Bancorp trades around $16.65 with a market cap of ~$138.8M and a P/E of 46.25; the company missed Q4 EPS ($0.09 vs. $0.11 consensus) and reported a low return on equity (1.27%).
- The firm declared a quarterly dividend of $0.05 (annualized $0.20, ~1.2% yield, 55.56% payout ratio), while analysts hold an average "Hold" rating with a $16 consensus price target.
SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) CFO Harris Faqueri bought 3,000 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $16.40 per share, for a total transaction of $49,200.00. Following the purchase, the chief financial officer owned 13,000 shares of the company's stock, valued at $213,200. This trade represents a 30.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
SR Bancorp Stock Performance
NASDAQ:SRBK opened at $16.65 on Friday. The stock has a 50 day simple moving average of $16.89 and a 200 day simple moving average of $15.87. The stock has a market cap of $138.78 million, a P/E ratio of 46.25 and a beta of 0.55. SR Bancorp, Inc. has a 1-year low of $11.38 and a 1-year high of $18.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.
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). 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st. SR Bancorp's payout ratio is presently 55.56%.
Institutional Trading of SR Bancorp
Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings 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 worth $36,000 after purchasing an additional 1,381 shares in the last quarter. Bank of America Corp DE raised its stake in SR Bancorp by 4,158.2% in the second quarter. Bank of America Corp DE now owns 3,364 shares of the company's stock valued at $45,000 after purchasing an additional 3,285 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in SR Bancorp during the second quarter worth about $50,000. Russell Investments Group Ltd. bought a new stake in SR Bancorp during the third quarter worth about $53,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SR Bancorp during the second quarter worth about $58,000. 24.70% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on SRBK. Weiss Ratings reiterated a "hold (c)" rating on shares of SR Bancorp in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of SR Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.00.
Read Our Latest Stock Report on SRBK
SR Bancorp Company Profile
(
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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