Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) COO Purchases 1,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) COO Christopher J. Pribula bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $11.63 per share, with a total value of $11,630.00. Following the transaction, the chief operating officer now directly owns 47,933 shares in the company, valued at $557,460.79. This represents a 2.13 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SR Bancorp Price Performance

SR Bancorp stock traded up $0.28 during trading hours on Friday, hitting $11.80. 9,242 shares of the stock were exchanged, compared to its average volume of 22,321. The stock has a market capitalization of $108.97 million, a P/E ratio of 196.62 and a beta of 0.91. The business’s 50-day moving average is $12.09 and its two-hundred day moving average is $11.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. SR Bancorp, Inc. has a 12 month low of $8.94 and a 12 month high of $12.76.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings results on Friday, January 31st. The company reported $0.12 EPS for the quarter. SR Bancorp had a return on equity of 0.21% and a net margin of 0.95%.

Institutional Trading of SR Bancorp

Large investors have recently made changes to their positions in the business. Northern Trust Corp lifted its position in SR Bancorp by 34.3% during the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock worth $221,000 after buying an additional 4,748 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,930 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in shares of SR Bancorp during the third quarter worth approximately $276,000. Fourthstone LLC bought a new stake in shares of SR Bancorp during the third quarter valued at approximately $756,000. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of SR Bancorp in the fourth quarter valued at approximately $3,384,000. Institutional investors own 24.70% of the company’s stock.

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.