SR Bancorp (NASDAQ:SRBK) Cut to “Sell” at Wall Street Zen

SR Bancorp (NASDAQ:SRBK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

SR Bancorp Trading Up 0.1%

Shares of SRBK stock opened at $13.50 on Friday. The company has a market cap of $121.50 million, a PE ratio of -1,350,000.00 and a beta of 0.59. The stock’s 50 day simple moving average is $13.13 and its two-hundred day simple moving average is $12.43. SR Bancorp has a 1 year low of $9.12 and a 1 year high of $13.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $7.73 million during the quarter. SR Bancorp had a negative net margin of 0.24% and a negative return on equity of 0.05%.

Insiders Place Their Bets

In other SR Bancorp news, insider David M. Orbach purchased 5,000 shares of the stock in a transaction dated Monday, May 19th. The stock was purchased at an average price of $13.19 per share, with a total value of $65,950.00. Following the transaction, the insider owned 193,032 shares of the company’s stock, valued at approximately $2,546,092.08. This trade represents a 2.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William P. Taylor purchased 2,000 shares of SR Bancorp stock in a transaction dated Thursday, May 29th. The stock was bought at an average cost of $13.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the chief executive officer owned 72,838 shares in the company, valued at approximately $946,894. This represents a 2.82% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 10,500 shares of company stock worth $137,315 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mink Brook Asset Management LLC purchased a new position in SR Bancorp in the fourth quarter worth $3,384,000. Arcus Capital Partners LLC purchased a new stake in shares of SR Bancorp during the first quarter worth about $483,000. Jane Street Group LLC purchased a new stake in shares of SR Bancorp during the first quarter worth about $263,000. Finally, Northern Trust Corp increased its holdings in shares of SR Bancorp by 34.3% during the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after acquiring an additional 4,748 shares in the last quarter. 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.