SR Bancorp (NASDAQ:SRBK) Stock Price Down 0.8% – Here’s What Happened

SR Bancorp, Inc. (NASDAQ:SRBK)’s stock price was down 0.8% during trading on Thursday . The stock traded as low as $11.92 and last traded at $12.09. Approximately 35,259 shares changed hands during trading, an increase of 37% from the average daily volume of 25,754 shares. The stock had previously closed at $12.19.

SR Bancorp Stock Down 0.8 %

The business has a fifty day moving average of $11.97 and a 200 day moving average of $11.68. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The firm has a market cap of $111.70 million, a P/E ratio of 201.53 and a beta of 0.79.

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%.

SR Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, March 31st. SR Bancorp’s payout ratio is currently 333.33%.

Insider Buying and Selling at SR Bancorp

In other news, insider David M. Orbach purchased 10,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were purchased at an average cost of $11.58 per share, with a total value of $115,800.00. Following the completion of the transaction, the insider now owns 188,032 shares of the company’s stock, valued at $2,177,410.56. The trade was a 5.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 14,975 shares of company stock valued at $174,689 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SRBK. Northern Trust Corp lifted its stake in SR Bancorp by 34.3% in the 4th quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after purchasing an additional 4,748 shares during the last quarter. Geode Capital Management LLC raised its stake in SR Bancorp by 30.7% in the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after buying an additional 21,930 shares during the period. 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. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.