Fourthstone LLC Invests $756,000 in SR Bancorp, Inc. (NASDAQ:SRBK)

Fourthstone LLC purchased a new stake in SR Bancorp, Inc. (NASDAQ:SRBK) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 67,825 shares of the company’s stock, valued at approximately $756,000.

Several other institutional investors and hedge funds have also modified their holdings of SRBK. SeaCrest Wealth Management LLC boosted its holdings in SR Bancorp by 59.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock valued at $368,000 after purchasing an additional 14,773 shares during the period. Arcus Capital Partners LLC acquired a new stake in shares of SR Bancorp in the third quarter valued at approximately $276,000. Finally, Vanguard Group Inc. raised its position in shares of SR Bancorp by 31.5% in the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock valued at $4,214,000 after buying an additional 106,843 shares in the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

SR Bancorp Price Performance

NASDAQ:SRBK traded down $0.02 during trading hours on Thursday, reaching $11.19. 52,169 shares of the company were exchanged, compared to its average volume of 24,790. The business has a 50 day moving average of $11.06 and a 200 day moving average of $10.06. SR Bancorp, Inc. has a 1-year low of $8.94 and a 1-year high of $11.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $105.63 million, a P/E ratio of 93.26 and a beta of 1.15.

Insider Transactions at SR Bancorp

In related news, Director Thomas Lupo purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $10.58 per share, with a total value of $52,900.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $211,600. This trade represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by insiders.

About SR Bancorp

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.